Building Material Prices Skyrocket | Up 19% Year Over Year

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Building Materials Prices Skyrocket!

Building Materials Prices Move Higher, Up 19% Year-over-Year | Eye On Housing According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4% in March and February, respectively. Year-over-year, building materials prices are up 19.2% and have risen 35.6% since the start of the pandemic. As a result, the price index of services used in home building (including trade services, transportation and warehousing) has climbed 13.3% since the start of the year. Year-over-year, the index has increased 18.1% and is up 45.6% since the start of the pandemic.

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