Construction Material Prices Unchanged in November, Up From 2023

Dec 16, 2024

Construction material prices were unchanged from October to November, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data.

Construction input prices were 0.5% higher in November 2024 than in November 2023.

“Construction input prices are up just 0.2% through the first 11 months of 2024,” ABC Chief Economist Anirban Basu said in a statement. “However, that encouraging year-to-date price growth primarily reflects declining energy prices and obscures price escalation that has occurred for specific materials.”

Read the full report here.

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