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Tradewinds


Construction Input Prices Rise 4.6% in May; Softwood Lumber Prices Up 154% From a Year Ago, Says ABC

Construction Input Prices Rise 4.6% in May; Softwood Lumber Prices Up 154% From a Year Ago, Says ABC

Posted: June 17, 2021 | Tradewinds

Construction input prices increased 4.6% in May 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. Nonresidential construction input prices increased 4.8% for the month.

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Producer Prices For Construction Materials And Services Jump 24 Percent Over 12 Months, Threatening Contractors’ Solvency And Workers’ Jobs

Producer Prices For Construction Materials And Services Jump 24 Percent Over 12 Months, Threatening Contractors’ Solvency And Workers’ Jobs

Posted: June 17, 2021 | Tradewinds

Construction Association Calls on President to Immediately End Tariffs and Quotas on Steel, Aluminum, and Lumber as First Step to Easing Pressure on Construction Costs and Supply-Chain Bottlenecks

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Single-Family Starts Steady in May

Single-Family Starts Steady in May

Posted: June 17, 2021 | Tradewinds

Overall housing starts increased 3.6 percent in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Rising Material Challenges, Declining Builder Sentiment

Rising Material Challenges, Declining Builder Sentiment

Posted: June 17, 2021 | Tradewinds

Rising material prices and supply chain shortages resulted in builder confidence dipping to its lowest level since August 2020. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released shows that builder confidence in the market for newly built single-family homes fell two points to 81 in June. Despite the monthly decline, the reading above 80 is still a signal of strong demand in a housing market lacking inventory.

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ABC’s Construction Backlog Inches Higher in May; Materials and Labor Shortages Suppress Contractor Confidence

ABC’s Construction Backlog Inches Higher in May; Materials and Labor Shortages Suppress Contractor Confidence

Posted: June 17, 2021 | Tradewinds

Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8.0 months in May, according to an ABC member survey conducted from May 20 to June 2, 0.1 months higher than in April 2021 and May 2020.

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