Tariffed construction materials increased in price last month, ABC analysis finds
Construction input prices rose 0.2% in May, according to a new Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Last month, nonresidential construction input prices reduced by 0.1%.
Overall construction input prices are 1.3% higher than levels from a year ago, and nonresidential construction prices are 1.6% higher. Prices decreased in two of three major energy categories in April. Natural gas prices fell 18.7%, unprocessed energy materials were down 3.5%, and crude petroleum prices increased by 1.3%.
Chart credit: Associated Builders and Contractors“Construction materials prices continued to increase at a faster-than-ideal pace in May,” said ABC Chief Economist Anirban Basu. “While input prices are up just 1.3% over the past year, that modest escalation is entirely due to price decreases during the second half of 2024. Costs have increased rapidly since the start of this year, with input prices rising at a 6% annualize...
#tariffed #construction #materials #increased #price
Tariffed construction materials increased in price last month, ABC analysis finds
Construction input prices rose 0.2% in May, according to a new Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Last month, nonresidential construction input prices reduced by 0.1%.
Overall construction input prices are 1.3% higher than levels from a year ago, and nonresidential construction prices are 1.6% higher. Prices decreased in two of three major energy categories in April. Natural gas prices fell 18.7%, unprocessed energy materials were down 3.5%, and crude petroleum prices increased by 1.3%.
Chart credit: Associated Builders and Contractors“Construction materials prices continued to increase at a faster-than-ideal pace in May,” said ABC Chief Economist Anirban Basu. “While input prices are up just 1.3% over the past year, that modest escalation is entirely due to price decreases during the second half of 2024. Costs have increased rapidly since the start of this year, with input prices rising at a 6% annualize...
#tariffed #construction #materials #increased #price




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