Nonresidential construction input prices remain high compared to the start of the COVID-19 pandemic.

It’s clear now that an organized plan for trade can never be expected to emerge from the Trump administration’s deal-oriented style.

The input prices of steel, cement and lumber are all rebounding from recession lows, but overall inflation is not budging.

Nonresidential construction input prices were down 0.2% on a month-over-month basis and 1.7% on a year-over-year basis.

The increase follows eight consecutive months during which construction input prices fell.

The two-month growth streak follows nine consecutive months during which construction input prices fell.