Residential building material price growth accelerated in February after slowing a month prior, according to the latest Producer Price Index release from the Bureau of Labor Statistics. Since the BLS collects pricing data during the week of the 13th, these figures were finalized before the onset of the conflict in Iran. The Producer Price Index for final demand increased 0.7% in February, after rising 0.5% in January. The index for final demand services rose 0.5% in February, while the index for final demand goods rose 1.1% over the month. The monthly increase in the index for final demand goods was the largest since it rose 1.6% back in August of 2023. The price index for inputs to new residential construction rose 0.7% in February and was up 3.4% from last year. The price of goods used in new residential construction was up 1.1% over the month and 3.0% from last year, while the price of services was up 0.1% over the month and up 4.2% from last year.