Building Material Costs Declined in August

September 12, 2019
Photo by Alex Jones on Unsplash

Prices paid for goods used in residential construction decreased by 0.8% in August (not seasonally adjusted) according to the Bureau of Labor Statistics latest Producer Price Index.

Building materials prices have declined an average of 0.1% per month over the last 12 months, compared to an average monthly increase of 0.8% during the same period 2017-2018. The price of goods used in residential construction has risen 2.0% in 2019, much less than the 4.7% year-to-date increase experienced in 2018.

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