Thursday, 5 October 2023

Analyzing Trends: Are Home Construction Costs Coming Down?

Home construction costs are a topic of concern in the industry, and there are mixed trends regarding whether costs are coming down. According to an analysis by Associated Builders and Contractors, construction input prices have experienced a slight decline over the past few months, with a 0.6% decrease in May. However, the decrease is mainly driven by declines in energy, steel, and softwood lumber, while other input price categories continue to show inflationary tendencies. Concrete prices, construction machinery and equipment, brick and structural clay tile prices, adhesives and sealants, and steel mill products have all seen price increases in recent

from
https://homeimprovementpost.com/are-home-construction-costs-coming-down/

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