The PPI report shows that softwood lumber prices increased +3.8% in September 2019—the index’s largest percentage increase since prices rose +4.8% in June 2018. Prices have fallen -8.7% over the last 12 months but remain nearly +15% higher than they were in 2016.
Prices paid for goods used in residential construction in the US decreased by -0.3% in September according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics.
Building materials prices have declined an average of -0.1% per month over the last 12 months, and the price of goods used in residential construction has risen +1.7% in 2019, the slowest year-to-date growth through September since 2015.