flexiblefullpage - default
Currently Reading

June PPI Report Highlights Record-Setting Volatility for Lumber and Other Building Materials

Advertisement
billboard - default
Building Materials

June PPI Report Highlights Record-Setting Volatility for Lumber and Other Building Materials

Building materials prices have been prone to near-constant volatility throughout the pandemic, and the latest increases are no exception


July 19, 2022
Stacks of lumber pallets in warehouse
Image: Stock.adobe.com

Even as softwood lumber prices fell 23% in June, the costs of goods used in residential construction climbed 1.5%, adding to a total gain of 41.7% since January 2020, NAHB Eye on Housing reports. Building materials prices have increased 4.8% year-to-date and 12.2% year-over-year, and more volatility is expected in the months ahead.

Softwood lumber prices have been perhaps the most volatile compared with all other construction goods since January 2020, while prices for ready-mix concrete and gypsum products continue to post steady increases in the midst of supply chain bottlenecks and shortages.

The PPI for ready-mix concrete (RMC) gained 1.9% in June following increases in May (+0.8%) and April (+1.1%). The index has climbed 5.1%, year-to-date, and 11.3% over the past 12 months. Over the two decades beginning January 2000, the price of RMC moved more than 1% in 24 of 240 survey months. It has increased/decreased more than 1% in seven of the 30 months since, including three times through the first half of 2022.

The PPI for gypsum products increased 0.1% in June after surging 7.1% in May. and has soared 22.6% over the past year. After a quiet 2020, the price of gypsum products climbed 23.0% in 2021 and is up 7.6% through the first half of 2022.

Read more

Related Stories

Building Materials

Lumber Prices Jump Following Uptick in Single-Family Construction Starts

Lumber prices rose by more than 6% after an unexpected gain in new construction starts in August

Building Materials

Building Materials Prices See Historic 12-Month Increases

In the past year, building material prices have increased 14.3%

Sponsored Outside shot of Toronto’s Integral House
Building Materials

Preserving a Historic Toronto Home with DELTA®-VENT S Air Barrier

Learn why the DELTA®-VENT S air & moisture barrier was specified to protect Toronto’s historic Integral House, one of the country’s most spectacular residences.

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category




Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.