Materials Prices Rise Less Than 1% Nationwide in January
• Iron and steel prices expanded 1.9% in January and are up 3.9% from the same time last year.
• Nonferrous wire and cable prices gained 1.7% on a monthly basis but are down 3.6% from January 2013.
• Steel mill products prices expanded 1.2% for the month and are 0.5% higher than one year ago.
• Crude energy prices grew 1.1% in January and are 3.8% higher year over year.
• Concrete products prices grew 0.6% in January and are up 2.8% on a yearly basis.
A number of key construction inputs did not experience price increases for the month.
• Crude petroleum prices fell 7.6% in January and are down 4% from January 2013.
• Softwood lumber prices fell 0.6% but are 2.8% higher than one year ago.
• Prices for prepared asphalt, tar roofing, and siding declined 0.4% for the month and are down 0.8% on a yearly basis.
• Fabricated structural metal product prices are down 0.4% but have risen 0.1% on a year-over-year basis.
• Prices for plumbing fixtures remained flat for the month and are up 1.7% on a year-over-year basis.