Prices paid for goods used in residential construction increased nearly 2% in June, according to National Association of Home Builders (NAHB) analysis of the latest Producer Price Index (PPI). The index has decreased 3.0% year-to-date (YTD), five times the magnitude of the previous record for a June YTD decrease, according the NAHB's Eye on Housing blog. The increase in residential construction inputs was led by a 12.9% increase in softwood lumber prices. Softwood lumber prices now stand at their highest level since the peak of the early-to-mid-2018 runup in July 2018.
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Eye On Housing