National Association of Home Builders

Prices paid for goods used in residential construction decreased 4.1% in April (not seasonally adjusted), the largest monthly decline on record, according to the Bureau of Labor Statistics’ latest Producer Price Index (PPI). The year-to-date decline in residential input prices of 5.4% is more than three times the previous record, from 2009 during the Great Recession. Building material prices have fallen 6.6% since April 2019 and softwood lumber prices decreased 10.8%, according to analysis on the National Association of Home Builders’ (NAHB) Eye on Housing blog.

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