Constructing Supplies Costs Decline in April Regardless of Elevated Lumber Prices



In line with the newest Producer Worth Index report, the costs of inputs to residential building much less power (i.e., constructing supplies) decreased 0.2% in April 2023 (not seasonally adjusted). The index has gained 0.5%, year-to-date, which is the smallest April YTD enhance because it climbed 0.3% over the primary 4 months of 2020.

The PPI for items inputs to residential building, together with power, was unchanged over the month as a 1.7% enhance in power costs offset declines in different product classes. The index has declined 0.8% over the past 12 months however is 23.9% increased than the extent instructed by the pre-2020 development.

Gypsum Constructing Supplies

The PPI for gypsum constructing supplies fell 1.1% in April after growing in February and March. Gypsum constructing supplies costs are 12.1% increased than they had been a 12 months in the past however started stabilizing in September 2022. Costs have elevated 0.6% the seven months since.

Softwood Lumber

The PPI for softwood lumber (seasonally adjusted) elevated 6.2% in April–the primary enhance since July 2022 and simply the second since March 2022. Costs have elevated 0.9% YTD however are 40.1% decrease than they had been one 12 months in the past.

Prepared-Combine Concrete

Prepared-mix concrete (RMC) costs elevated 0.4% in April after climbing 0.9% in March. The month-to-month enhance was the smallest since costs fell 0.3% in March 2022.  RMC costs have risen 1.8%, year-to-date, and 12.4% over the previous 12 months.

The month-to-month enhance within the nationwide knowledge was pushed by costs within the West and Northeast which climbed 2.0% and 1.6%, respectively. Costs noticed smaller will increase within the Midwest (+0.2%) and South (+0.5%). Yr-to-date, costs have elevated probably the most within the Northeast, adopted by the West, Midwest, and South areas.

Metal Mill Merchandise

Metal mill merchandise costs elevated 3.1% in April after climbing 3.1% in February and March mixed. Though this was the third consecutive month-to-month enhance and the fourth over the previous 12 months, costs have fallen 14.8% over that interval.


The worth index of providers inputs to residential building elevated 1.0% in April after climbing 0.4% in March. Costs have declined 13.0% over the previous 12 months however are 26.3% increased than the pre-pandemic stage at the beginning of 2020.

Transportation of Freight

The worth of truck and deep sea (i.e., ocean) transportation of freight decreased 1.7% and 0.4%, respectively, in April whereas the PPI for rail freight elevated 0.4%. Trucking freight costs have declined 8.5% over the previous 12 months. The costs of long-distance and native motor carrying have fallen 10.0% and 4.1%, respectively.

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