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12-30-22 | News

NAHB Reports Lumber Price Normalizing

Though Volatility Continues, the NAHB Reports that Lumber is Normalizing
by Staff

Starting in 2020, the price of goods and services has been on a fairly consistent climb, only evening out, at least for goods, in 2022.

According to the National Association of Home Builders (NAHB), the prices of building materials have decreased by 0.3% in November, after declining by 0.6% from September and October. This information is reported from the NAHB Producer Price Index (PPI) that has now decreased five out of six months this year.

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Some building materials have decreased in price more than others, softwood lumber being a prime candidate. The prices for softwood lumber have decreased by over 40% since March of 2022.

Meanwhile, ready-mix concrete has only been increasing, reaching a point that is barely lower than the record high set during the housing boom. The PPI for ready-mix concrete increased 10.7% this year so far.

https://www.nahb.org/blog/2022/12/volatility-continues-as-lumber-prices-normalize

Filed Under: NAHB, MARKET, LUMBER, LASN
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