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Building Material Costs Declined in August


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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