flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Construction materials prices remain stable in November

Construction materials prices remain stable in November

Overall, construction materials prices fell 0.5 percent in November and are up only 1.1 percent year over year.


By Associated Builders and Contractors (ABC) | December 16, 2013
Photo: Ventrilock; FreeDigitalPhotos.net
Photo: Ventrilock; FreeDigitalPhotos.net

Overall, construction materials prices fell 0.5 percent in November and are up only 1.1 percent year over year, according to the Department of Labor’s Dec. 13 Producer Price Index.  Nonresidential construction materials are down 0.6 percent for the month and are 0.7 percent lower than the same time last year. 

“November represented another month of remarkable stability for construction input prices,” said Associated Builders and Contractors (ABC) Chief Economist Anirban Basu. “Although many investors predicted significant inflation this year due to expansionary monetary policies in much of the developed world, there continues to be a lack of significant inflationary pressures both globally and nationally.” 

Overall, the nation’s wholesale goods prices expanded 0.2 percent in November, but are down 0.9 percent year over year.  

“Next year is unlikely to offer as much stability as 2013,” Basu said. “Global economic growth is set to accelerate and the apparent budget deal in Congress should produce greater certainty among businesses, helping improve an already benign national economic forecast. Tension in the Middle East also continues to be a consideration. Together, these factors suggest materials price increases may be at least slightly more rapid in 2014.”

THE FOLLOWING MATERIALS PRICES INCREASED IN NOVEMBER:

  • Fabricated structural metal products were up 0.1 percent for the month and 0.3 percent year over year.  
  • Softwood lumber prices increased 2.6 percent on a monthly basis and are up 12.8 percent year over year.  
  • Natural gas prices were up 1.9 percent for the month and 3.3 percent on an annual basis.
  • Nonferrous wire and cable prices rose 0.2 percent on a monthly basis and are down 3 percent year over year.
  • Iron and steel prices were up 1.8 percent for the month and are down 0.1 percent compared to the same time last year.
  • Prices for plumbing fixtures and fittings inched up 0.1 percent in November and are up 1.6 percent year over year.  
  • Steel mill products prices increased 0.8 percent in November but are down 0.6 percent compared to the same time last year.  

THE FOLLOWING CONSTRUCTION INPUTS EXPERIENCED PRICE DECREASES IN NOVEMBER: 

  • Prepared asphalt, tar roofing and siding prices were down 3.8 percent for the month and 0.3 percent year over year.  
  • Crude petroleum prices fell 10.3 percent on a monthly basis but are up 0.9 percent year over year.
  • Crude energy prices decreased 5.7 percent in November but are up 0.6 percent compared to the same time last year.
  • Concrete products prices were flat in November and are up 2.8 percent year over year.

   

Related Stories

| Aug 19, 2014

Construction boom lures new class of lenders in Nashville, says JLL

In the coming months, a gleaming S-shaped tower will join Nashville's burgeoning skyline. The new tower is just one example of a project financed not with conventional construction loans but with a unique blend of equity and debt.

| Aug 18, 2014

Perkins+Will expands planning practice with strategic focus on underserved U.S. communities

The broadened focus is resulting in comprehensive, long-term plans that will guide new growth in places like Buffalo, N.Y., Kingston, R.I., and Brooklyn, N.Y.

| Aug 18, 2014

SPARK’s newly unveiled mixed-use development references China's flowing hillscape

Architecture firm SPARK recently finished a design for a new development in Shenzhen. The 770,700 square-foot mixed-use structure's design mimics the hilly landscape of the site's locale.

| Aug 18, 2014

Seaside luxury: Arquitectonica, Melo Group introduce Aria on the Bay condo tower in Miami

Melo Group has launched sales for Aria on the Bay, its new 647-unit luxury condominium in Miami. The bayfront condo will overlook Margaret Pace Park, Biscayne Bay and the Miami Beach skyline. 

Sponsored | | Aug 16, 2014

Fire-rated framing system makes the grade at Johnson & Wales University Center

The precision engineering of TGP’s Fireframes Aluminum Series creates narrow profiles and crisp sightlines at Johnson & Wales University Center for Physician Assistant Studies

| Aug 16, 2014

Decoupling the professional services firm

Business consultant Tim Williams authored a recent LinkedIn post that highlights the emerging trend among professional services firms toward “decoupling,” or consciously separating the high-value services that are scarce from the low-value services that are plentiful. SPONSORED CONTENT

| Aug 16, 2014

The science of learning: Designing the STEM learning facilities of the future

New technology and changing pedagogies are influencing how to best teach a generation of learners who have never known a world without smartphones or tablets, writes HOK's Kimberly Robidoux.

| Aug 16, 2014

Calatrava in hot water again? Famed architect charged to appear in court in Spanish construction case

The Valencia High Court has requested documents detailing how Calatrava was hired in private, without any publicity, for a convention center project in Castellon. For contracts over a certain minimum value, that is illegal in Spain.

| Aug 15, 2014

First look: RMJM’s 'jumping fish' tower design for the Chinese Riviera

The tower's fish-jumping gesture is meant to symbolize the prosperity and rapid transformation of Zhuhai, China.

| Aug 15, 2014

Periscope structure gives public toilet an unobstructed sea view

Polish architect Adam Wiercinski designs a public toilet with a periscope mechanism that gives visitors unobstructed views of the sea.

boombox1
boombox2
native1

More In Category


Resiliency

Austin area evacuation center will double as events venue

A new 45,000 sf FEMA-operated evacuation shelter in the Greater Austin metropolitan area will begin construction this fall. The center will be available to house people in the event of a disaster such as a major hurricane and double as an events venue when not needed for emergency shelter.



halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021