building material prices: Building material prices continue to rise
- 01/31/11 12:08 PM
Single-family housing starts in 2010 totaled 475,000 - a 7 percent increase over 2009 but still substantially below the 1,256,000 average starts per year from 1995 through 2003. .Think the decrease in demand for new home construction has resulted in lower prices for building materials. Think again. Prices for materials used in construction actually increased 5.4 percent in all of 2010. Prices increased at double-digit rates over the year for four key construction materials. Diesel fuel prices climbed 28 percent in 2010; steel mill product prices rose 12.5 percent (think rebar, nails, kitchen sinks, appliances, etc.); copper and brass mill shape … (1 comments)
building material prices: Inflation Trends and Building Material Prices
- 03/05/10 06:21 AM
For the past five months (September 2009 through January 2010), the Consumer Price Index (CPI) has risen 0.2% per month. Building materials prices are an exception to general inflation trends, which appear to be tame.
On a year-over-year basis, the Consumer Price Index (CPI) is up 2.6%. Excluding food and energy, the index is up 1.6% from a year ago. A broader measure of inflation used by the Federal Reserve - the price index for personal consumption expenditures excluding food and energy - rose 1.6% in the fourth quarter at a seasonally adjusted annual rate and 1.5% from fourth quarter … (3 comments)
Single-family housing starts in 2010 totaled 475,000 - a 7 percent increase over 2009 but still substantially below the 1,256,000 average starts per year from 1995 through 2003. .Think the decrease in demand for new home construction has resulted in lower prices for building materials. Think again.
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