Construction input prices fell 0.1% in April, according to a new Associated Builders and Contractorsanalysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Last month, nonresidential construction input prices increased by 0.2%. Overall construction input prices are 0.1% higher than levels from a year ago, and nonresidential construction prices are 0.2% higher. Prices decreased in all three energy categories in April. Natural gas prices fell 7.1%, unprocessed energy materials were down 5.0%, and crude petroleum prices dipped by 4.9%. Chart credit: Associated Builders and Contractors“Construction input prices declined in April, but that was largely due to falling energy prices,” said ABC Chief Economist Anirban Basu. “Materials directly affected by tariffs saw sharp price increases for the month. Steel mill product prices, for instance, rose 5.9%, while copper wire and cable prices increased 5.0%.” Chart credit: Associated Builders and Contractors“While recent d... #construction #input #prices #fall #april