Prices for building materials for new residential construction, minus capital investment, labor and imports, increased 0.7% from 2023 this year. According to the Producer Price Index (PPI) from the U.S. Bureau of Labor Statistics, prices increased 0.3% in October but …
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Cost of Construction Materials Continues to Jump
The U.S. Bureau of Labor Statistics released its latest Producer Price Index (PPI) report, which found that the price of goods used in residential construction, minus energy, jumped 1.4 percent in March. The increase comes after the cost of construction …
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