Residential building material prices continued to experience elevated growth, according to the latest Producer Price Index release from the Bureau of Labor Statistics. Price growth has been above 3.0% since June this year, despite continued weakness in the new residential construction market. Across building materials, metal products continue to experience price increases, while ready-mix concrete and softwood lumber have experienced price declines over the past year. The Producer Price Index for final demand increased 0.2% in November, after rising 0.1% in October. …The price index for inputs to new residential construction rose 0.1% in November and was up 4.2% from last year. The price of goods used in new residential construction was up 0.4% over the month and 3.4% from last year. Meanwhile, the price for services was down 0.4% over the month and up 5.5% from last year.