U.S. Construction Input Prices Drop

Construction input prices in the U.S. fell 0.5 per cent in November compared to the previous month, says Associated Builders and Contractors. Its analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data also shows non-residential construction input prices fell 0.4 per cent for the month. Construction input prices had increased 0.9 per cent between November 2019 and November 2020. Non-residential construction input prices are up just 0.3 per cent over that span. Once again, the relatively larger increase in overall construction input prices is attributable to softwood lumber prices, which are 37.2 per cent higher than in November 2019.