Key Building Materials Prices Far Surpassed Inflation in 2016

January 27, 2017 LBM Journal

The National Association of Home Builders, on its NAHB Now blog reports that softwood lumber, oriented strand board (OSB), ready-mix concrete and gypsum products all posted price changes in 2016 well above the 1.3% average for the Consumer Price Index, according to the latest Producer Price index released by the Bureau of Labor Statistics.

OSB prices surged 13.8% in 2016, while softwood lumber rose nearly 8.7%. In November, the cost of ready-mix concrete and gypsum products rose 3.5% and 5.0%, respectively, on a year-over-year basis.

In an ominous sign, the price of softwood lumber rose by 2.3% in December, which is the largest monthly increase since April 2016, NAHB said.

 

Read the full post at NAHB Now.

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