Building Materials Prices Up 14.3% Year-Over-Year The NAHB’s Eye on Housing recently crunched the numbers from the most recent BLS Producer Price Index, where they found building materials prices have climbed 4.9% through the first eight months of 2022 and 14.3% year-over over. Prices for gypsum products, transformers, and concrete posted historic 12-Month Increases. However,
Demand for Construction Appears to be Outpacing Availability of Workers & Materials According to recent data from the Associated General Contractors of America, while nearly every state added construction jobs during the past twelve months, that momentum slowed considerably in May with only 22 states adding jobs. The AGC says monthly employment gains lagged as
Builders Hunt for Alternatives to Materials that are in Short Supply A recent report by the Wall Street Journal (reposted on Realtor.com) says shortages of key construction materials are forcing some builders & contractors to seek out substitutes and look for alternative suppliers as they attempt to meet the high demand for new housing. The
Building Materials Prices See Large Increases The NAHB’s Eye on Housing recently took a deep-dive into the Bureau of Labor Statistics Producer Price Index (PPI) regarding the prices of goods used as inputs to residential construction. Their data shows that overall (excluding energy) they have increased 19%. If you add in energy that rate drops
