Construction input prices increased by 0.6% in February, according to a new Associated Builders and Contractors (ABC) analysis of the U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices are also up 0.6%.Overall construction input prices are 0.3% higher than level from a year ago, while nonresidential construction input prices are 0.1% lower. Last month, iron and steel, steel mill products, and softwood lumber prices all increased sharply.Chart credit: Associated Builders and ContractorsNonresidential input prices increased at a rapid pace in February and have risen at a far-too-hot 9.0% annualized rate through the first two months of 2025, said ABC Chief Economist Anirban Basu. Iron and steel prices rose at a particularly fast rate in February, a result of tariffs providing domestic producers with increased pricing power.Chart credit: Associated Builders and ContractorsDespite the sizable increase over the past two months, non...