Prices for inputs to new residential construction rose 0.2% in May after a slight decline in April, with building materials increasing 0.1% month-over-month and 2.5% year-over-year. While energy input costs rose slightly in May, they remain nearly 10% lower than a year ago. Overall, input prices for residential construction are up 1.9% from May 2024, driven by modest increases in both goods and services.
Producer Prices Rise in May: New Construction Input Analysis
