Aggregate residential building material prices rose at their fastest pace since January 2023 in the latest Producer Price Index release from the Bureau of Labor Statistics. Input energy prices increased for the first time in over a year, while service price growth remained lower than goods. The Producer Price Index for final demand increased 0.3% in September, after falling 0.1% in August. …The price index for inputs to new residential construction rose 0.2% in September and was up 3.1% from last year. The price of goods inputs was up 0.1% over the month and 3.5% from last year, while prices for services were up 0.3% over the month and 2.5% from last year. The goods component has a larger importance to the inputs to residential construction price index, representing around 60%. On a monthly basis, the price of input goods to new residential construction was up 0.1% in September.

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