Record Steel Mill Product Price Increases Add to Lumber Woes, Push Building Materials Higher

Prices paid for goods used in residential construction ex-energy rose 1.4% in February (not seasonally adjusted) and have increased 7.7% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019. The index… Read More ›