The latest Producer Price Index report shows that the cost of building materials excluding energy, did not change much in June 2023. Key construction materials are still costly, and some building material prices have increased slightly. How does this affect the construction industry? Read on to find out.
Despite this recent cooling, construction input prices are still up more than 38% since the start of the pandemic. 
~Anirban Basu, ABC chief economist.
Construction Materials
Gypsum Building Materials:
The Producer Price Index (PPI) for gypsum building materials fell 0.3% in June after declining 1.1% in both April and May.
Steel Mill Products:
Steel mill products prices got a reprieve in June, declining 0.6% after four months, during which prices climbed 12.4%.
Softwood Lumber:
The Producer Price Index (PPI) for softwood lumber (seasonally adjusted) increased by 3.9% in June, the second increase over the past three months.
Concrete:
Ready-mix concrete (RMC) prices increased 0.5% in June.
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