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    Home » Trends » Input Prices up 0.5% in March
    Trends

    Input Prices up 0.5% in March

    BEX StaffBy BEX StaffApril 15, 2025No Comments1 Min Read
    Credit: Associated Builders and Contractors
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    By Associated Builders and Contractors

    Construction input prices increased 0.5% in March, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.6% for the month.

    Both overall and nonresidential construction input prices are 0.8% higher than one year ago. While crude petroleum prices fell considerably in March, that decline was more than offset by rapidly rising natural gas, steel, copper and lumber prices.

    “Construction input prices increased at a rapid pace for the third consecutive month in March and have now risen at a 9.7% annualized rate through the first quarter of 2025,” said ABC Chief Economist Anirban Basu. “The emerging effects of tariffs are glaring in the March data release, with iron and steel, steel mill products and copper wire and cable prices all rising more than 5% for the month. While contractors remain busy for the time being, according to ABC’s Construction Backlog Indicator, this pace of input price escalation, coupled with rising uncertainty, will cause projects to be delayed and canceled if they persist for any meaningful length of time.” (Source)

    ABC Anirban Basu Associated Builders and Contractors BLS CBI Construction Backlog Indicator construction materials prices copper crude petroleum Input Prices lumber prices Natural Gas PPI Producer Price Index project cancelations project delays steel tariffs trends U.S. Bureau of Labor Statistics
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