HOLIDAY

U.S. Building Materials Prices Decreased in October

The prices of U.S. building materials decreased by 0.2% in October, following a 0.5% decline in September.

According to Lesprom, the index has decreased four of five months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, was led 0.2% higher by prices of diesel fuel (+9.5%) and unleaded gasoline (+5.7%).

The price index of services inputs to residential construction decreased 0.7% in October, the seventh consecutive monthly decline. Prices have fallen a total of 14% since the index last increased in March 2022 and are just 1.4% higher than they were a year ago.

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