Building Materials Prices Up 5.4% in 2020
The NAHB’s Eye on Housing recently crunched the numbers from the most recent BLS Producer Price Index, where the found that prices paid for goods used in residential construction (excluding energy) rose 0.7% in December and ended 2020 5.4% higher than December, 2019. Interestingly, they point out that over the course of 2020, building materials prices declined only 2 times. Indeed…
“Prices paid for softwood lumber (seasonally adjusted) rose by double digits (+12.5%) following a 23.9% decline over the prior two months. The softwood lumber PPI remains nearly 15% lower than the record high set in September, but data from Random Lengths suggests that the index will increase more in January…”
Click here to read the full story at the NAHB’s Eye on Housing.
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