Residential building material prices rose 0.5% in June and were up 4.6% year-over-year, continuing to climb even as energy costs dropped sharply, according to the National Association of Home Builders’ analysis of data from the U.S. Bureau of Labor Statistics. Energy input prices fell 10.3% for the month, though they remained 40.9% higher than a year ago.
The overall index for inputs to new residential construction slipped 0.1% in June—its first monthly goods decline since December—driven almost entirely by the energy pullback rather than any easing in materials themselves. Building materials make up roughly 93% of the goods index.
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