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Rising Building Material & Freight Prices Push Construction Costs Higher

Rising Building Material & Freight Prices Push Construction Costs Higher The NAHB’s Eye on Housing says the prices of goods used in residential construction increased 19.4%, year-over-year.  Citing data from the Producer Price Index they point out that building materials (i.e., goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are

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Building Material Prices Up 19% Year-Over-Year

Building Material Prices Up 19% Year-Over-Year The NAHB’s Eye on Housing says the prices of goods used in residential construction (excluding energy) rose 0.5% in April, 2022, according to data from the Bureau of Labor Statistics.   This increase comes on the heals of upwardly revised increases of 1.9% and 2.4% in March and February, respectively.

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Building Material Prices Up 31.3% Since January 2020

Building Material Prices Up 31.3% Since January 2020 The NAHB’s Eye on Housing says the prices of goods used in residential construction (excluding energy) rose 1.6% in February, according to data from the Bureau of Labor Statistics.   Their data show that building materials prices increased 20.4%, year-over-year, and have risen 31.3% since January 2020.Click here

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