Construction material prices decreased 0.1% from March to April and were 0.1% higher than in April 2024, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data.
Lumber and wood product prices decreased by 0.1% in April, while softwood lumber prices decreased by 2.6%.
“Construction input prices declined in April, but that was largely due to falling energy prices,” ABC Chief Economist Anirban Basu said in a statement. “Materials directly affected by tariffs saw sharp price increases for the month. Steel mill product prices, for instance, rose 5.9%, while copper wire and cable prices increased 5.0%.
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