Are Construction Materials Prices On The Rise?

According to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics Producer Price Index data, construction input prices rose 1.3% in January.

Did You Know:

  • The Producer Price Index (PPI) measures the average change over time in domestic producers’ prices for their output.
  • It is a measure of inflation at the wholesale level that is compiled from thousands of indices measuring producer prices by industry and product category.
  • The Producer Price Index measures the change in the prices paid to US producers of goods and services.

According to a National Association of Home Builders (NAHB) analysis, the shortages of building materials have improved in most categories since the historically widespread shortages.

Producer Price Index 2023

The supply chain is one of the biggest concerns for developers, builders, and contractors. Unfortunately, the last two years have been a supply chain roller coaster with a general shortage of building materials. This issue is causing project delays and a big headache in the construction industry.

It is important to understand that communication with clients and trade partners in today’s climate is crucial. In addition, you should know that clients must communicate with their construction team regarding their expectations about the budget and schedule at the project’s onset. Clients not only have to adapt to inevitable delivery delays and rising costs, but general contractors have learned they must come to the pre-construction process equipped with options to decrease wait times and budgets.

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You should know that construction leadership plays a critical role in the industry. The Construction Professional will be responsible for setting and achieving goals, managing client relationships, and developing strong project management skills.

STONEPILEllc—The Premier Choice for Construction Education

STONEPILEllc The Online Construction College is a private online higher education institution that offers an Associate in Applied Science in Construction and/or a Bachelor of Applied Science in Construction, and a Master of Applied Science in Prefabrication, Modular, and Offsite Construction.

STONEPILE Highlights

We provide the opportunity for students to gain marketable construction and leadership skills while enjoying the fullness of a 2- or 4-year degree. In addition, with our Trial 5 Program, students can try five weeks of college at no cost!

Dr. Jodi Vermaas
Founder I Disruptor I Mother of 12


*All images courtesy of BASE4

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