Concrete Prices, Volatility Continue Torrid Pace as Lumber Normalizes

By David Logan
NAHB – Eye on Housing
December 9, 2022
Category: Finance & Economics
Region: United States

The prices of building materials decreased 0.3% in November (not seasonally adjusted) following 0.5% and 0.1% declines in September and October, respectively. …The PPI for softwood lumber (seasonally adjusted) fell 0.1%, the fourth consecutive monthly decline and seventh decrease in the past eight months. Softwood lumber prices have dropped 42.2% since March. …The trend of ready-mix concrete (RMC) prices continued its torrid pace as the index increased 1.1% in November. …The PPI for gypsum building materials moved 0.5% higher in November—more than offsetting the small decline in October. Prices have increased 11.4% YTD, 18.0% over the past year, and 39.3% since January 2021. …Steel mill products prices decreased 3.0 % in November after declining 5.5% in October. …Trucking freight prices rose 1.0%, snapping a five-month streak of decreases. The indexes for rail and ocean transportation of freight climbed 0.6% and 1.5%, respectively.

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