2 minute read
NAHB Housing & Economic Update
Slowing Building Material Price Growth Another Signal Inflation Is Cooling
BY DAVID LOGAN, NAHB DIRECTOR OF TAX AND TRADE ANALYSIS
Advertisement
Ready-Mix Concrete
Ready-mix concrete (RMC) prices increased 0.5% in June. The PPI for RMC has risen each of the last 15 months, 27 of the last 30, and has climbed 12.3% over the past year. On a positive note, however, price growth slowed 0.8 percentage point over the month and the average monthly increase has declined from 1.0% in 2022 to 0.7% in 2023.
Services
The price index of services inputs (excluding labor) to residential construction increased 0.2% in June after a 1.0% decline in May. Prices have declined 8.8% over the past year but have stabilized in 2023, down 0.1% through June.
Freight Prices
The price of truck and rail transportation of freight decreased 2.1% and 0.4%, respectively, in June while the PPI for deep sea (i.e., ocean) freight increased 0.4%. Trucking freight prices have declined 13.7% over the past year with both long-distance (-15.1%) and local (-9.2%) motor carrying prices falling 9.2% and 4.1%, respectively. The 12-month drop in trucking prices is the largest decline since the inception of the data series in 2009.
Office Space in HBA Building Available!
Perfect for small business that is outgrowing its home office space
HBA has some office space that will be coming available when the current industry tenant moves out around October/November of this year. The space is currently about 600 square feet configured with three offices (two with exterior window views) and one workstation, but could be expanded to include a couple of additional adjacent workstation areas. It’s located on the 3rd floor of our Lake Oswego Building right off the I-5 freeway in the same general space as the HBA Offices. It includes plenty of free parking, complimentary access to our meeting rooms and the potential to access copiers (for additional usage fees).
For more information on availability, rates and to schedule a time to see the space, please email info@hbapdx.org and put “HBA office space” in the subject line.
TRUS JOIST ® NORTHWEST BUILDER RESOURCE CENTER
TRUS JOIST ® NORTHWEST BUILDER RESOURCE CENTER
You want to do it right, and we want to help you.
You want to do it right, and we want to help you. Get information for the Northwest Region including technical literature, products, and contact details for your local territory managers.
Get information for the Northwest Region including technical literature, products, and contact details for your local territory managers.
IF
YOU ARE:
IF
YOU ARE:
• Building with TJI® Joists, Microllam Parallam® PSL, or TimberStrand
• Framing FLOORS, ROOFS or WALLS
• Building with TJI® Joists, Microllam® LVL, Parallam® PSL, or TimberStrand® LSL
• Needing Help with Details and Special Conditions
• Framing FLOORS, ROOFS or WALLS
• Looking for Continuing Education Credits and wanting to attend an Online Webinar
• Needing Help with Details and Special Conditions
• Looking for Continuing Education Credits and wanting to attend an Online Webinar
• Having a Problem or Need a Repair/Field-Fix
Just scan the QR code
• Having a Problem or Need a Repair/Field-Fix
Just scan the QR code
