Building Material Prices Fall

The National Association of Home Builders is reporting a decline in construction building material prices.

October 12, 2022

National Association of Home Builders (NAHB)

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The National Association of Home Builders (NAHB) has reported that the price of building materials has declined 2.3% since June, the largest drop since April 2020. Prices reduced 0.8% in September. One of the highlights: softwood lumber prices are 14.5% higher than a year ago, but are 39.6% lower than a year ago. Prices for steel mill products, gypsum and ready-mix concrete were also down in September.

National Association of Home Builders

NAHB's report added that the price of truck transportation of freight has slightly declined, leading to an overall drop of 4.5% since the start of August.

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