According to the Bureau of Labor Statistics, inputs in the construction industry plunged 1.6%. According to an analysis by the Associated Builders and Contractors, only 3 out of 11 key input prices expanded on a monthly basis.
The input prices rose in September in these three ares:
- Plumbing fixtures and fittings expanded 0.1 percent from August and are up 1.1 percent from September 2014.
- Prices for concrete products expanded 0.7 percent in September and are up 3 percent from the same time last year.
- Crude petroleum prices expanded 2.3 percent in September but are down 54.3 percent from the same time last year.
To learn more about the decrease in construction material prices, click here.