According to the latest Bureau of Labor Statistics, Producer Price Index (PPI) report, prices (not seasonally adjusted) paid for goods used in residential construction decreased -4.1% in April. The largest monthly decline on record. The year-to-date decline -5.4% in residential construction inputs prices is more than three times larger than the previous record of -1.3% in 2009. Since April 2019 building materials prices have fallen -6.6%, on average -0.6% per month. The index now stands at its lowest level since August 2017. Although the PPI report shows that softwood lumber prices declined -10.8% (seasonally adjusted) in April, the decrease is at odds with recent prices reported by Random Lengths. According to their weekly data, prices fell a more modest -2.7% over the month. The price on gypsum products and concrete also declined in April.
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Building Materials Prices Post Record Monthly Decline in April