According to a recent release from the Associated Builders and Contractors (ABC), input prices in residential construction declined 1.1% month over month in June. While overall input prices are up 7.6% compared to a year ago, energy prices fell 12.1% for crude petroleum and 8.1% for unprocessed energy materials. Natural gas prices did increase 16.6% in the month but could cool off in the next few months as oil prices fall globally. The slight decrease in June allows for cautious optimism for the building community in Q3, with a return…
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