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Construction input prices increased 0.8% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today.
data: US Department of Commerce; graph: ForConstructionPros.com The total value of construction put in place in the U.S. was essentially flat in June, eking out a 0.1% increase over nonresidential construction’s 0.9% slip. Residential construction continues to chug along, with spending rising 1.1% in June finishing the first six months of the year 24.5% higher than the first half of 2020. Click on this graph to see a larger view.data: US Department of Commerce; graph: ForConstructionPros.com Residential engine is sound All of residential construction’s June spending gain came from si...