According to the Bureau of Statistics December Producer Price Index (PPI) the prices paid for materials used in residential construction advanced (not seasonally adjusted) 0.2% in December. Building materials prices increased 0.1% per month, on average, in 2019. The price of goods used in residential construction rose 1.5% over the year, representing a 0.4% slowdown from the pace of increases in 2018 (1.9%). The last year building materials prices increased less than 1.5% was 2015—a year in which prices actually declined 1.8%. The PPI report shows that softwood lumber prices increased 0.1% (seasonally adjusted) in December and 6.7% over the course of 2019.
Building Materials Price Growth Slowest Since 2015