Monthly Construction Input Prices Decreased in November, Says ABC Share: Washington, Dec. 11—Construction input prices fell 0.5% in November compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices fell 0.4% for the month. Construction input prices increased 0.9% between November 2019 and November 2020. Nonresidential construction input prices are up just 0.3% over that span. Once again, the relatively larger increase in overall construction input prices is attributable to softwood lumber prices, which are 37.2% higher than in November 2019. “There has been some upward pressure on certain input prices in recent weeks, including energy prices,” said ABC Chief Economist Anirban Basu. “This is a natural outgrowth of a strong economic rebound from the earlier stages of the pandemic and efforts by a group of suppliers to constrain the supply of inputs, particularly of oil.