01/23/2023
Data shows that the dramatic price increase of building materials slowed in 2022 and experienced four months of consecutive decline. Will 2023 see more price decreases?
The producer price index (PPI) for inputs to residential construction less energy (i.e. building materials) rose 8.3% in 2022 (not seasonally adjusted) according to the latest PPI report—less than one-half the increase seen in 2021. On a monthly basis, building materials prices declined 0.3% in De...