Producer Price Index on Construction Materials Up 0.5% in January

According to the Department of Labor, Bureau of Labor Statistics, The Producer Price Index (PPI) on prices paid for goods used in residential building increased 0.5% in January, not seasonally adjusted. Over the past 12-months, January 2019 to January 2020, building material prices have increased 2.0%. When compared to January 2018 to January 2020 they have increased by 3.3%. The price on gypsum and ready-mix concrete were responsible for a large portion of the January 2020 increases. The PPI report also shows that softwood lumber prices declined 0.9% (seasonally adjusted) in January. While the Random Lengths Composite Index increased 2.5% from December 2019 to January 2020.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.