About Amerisurv| Contact    
Magazine | Newsletter    
Flickr Photos | Advertise    
HomeNewsNewsletterAmerisurv DirectoryJobsStoreAuthorsHistoryArchivesBlogVideosEvents
Register to receive the Amerisurv Newsletter | Also See Our LiDAR News Newsletter | RSS Feed  

Sponsored By

Software Reviews
Continuing Series
An RTN expert provides everything you need to know about network-corrected real-time GNSS observations.
Click Here to begin the series,
or view the Article PDF's Here
76-PageFlip Compilation
of the entire series
Test Yourself

Got Answers?
Test your knowledge with NCEES-level questions.
  Start HERE
Meet the Authors
Check out our fine lineup of writers. Each an expert in his or her field.
Wow Factor
Sponsored By

Product Reviews
Partner Sites







Spatial Media LLC properties




  The American Surveyor     

Construction Material Prices Plunge in November Print E-mail
Written by Associated Builders and Contractors   
Friday, 11 December 2015

Washington, D.C., Dec. 11- Construction input prices fell for the fifth consecutive month in November according to an analysis of the Bureau of Labor Statistics' Producer Price Index released today by Associated Builders and Contractors (ABC). Input prices fell 0.4 percent on a monthly basis and are down 4.2 percent on a year-over-year basis. Nonresidential construction prices behaved similarly, falling 0.5 percent month-over-month and 4.6 percent year-over-year. Only two of the 11 key input prices have risen since November 2014.
"There are many factors at work, all helping to push commodity prices lower," said ABC Chief Economist Anirban Basu. "These factors include a stronger U.S. dollar, weak economic performance among major emerging countries like China, Brazil and Russia, ongoing softness in economies in Europe, OPEC's recent decision to maintain high levels of output, elevated levels of oil and gas output from private companies wrestling with debt service payments and the impact of energy-saving technologies.
"For now, the world is glutted with key construction inputs ranging from steel and copper to oil and natural gas," said Basu. "While prices may stabilize during the months ahead, a sharp increase in input prices remains unlikely. With the Federal Reserve Bank contemplating interest rate increases in the near-term, the U.S. dollar could get even stronger in 2016, helping to further suppress input price inflation." 
Only four key input prices rose in November on a monthly basis:
• Softwood lumber prices increased 2.4 percent on a monthly basis, but fell 4.6 percent on a yearly basis.
• Prices for prepared asphalt and tar roofing and siding products rose 2.4 percent from the previous month, but are 2.7 percent lower than at the same time one year ago.
• Plumbing fixtures and fittings prices were up 1.1 percent from October 2015 and 2.1 percent from November 2014.
• Concrete product prices rose 0.3 percent for the month and 2.9 percent on a year-over-year basis.
Seven key input prices fell in November on a monthly basis:
• Natural gas prices plunged 15.4 percent for the month and are 44 percent lower than at the same time one year ago.
• Crude petroleum prices fell 10.4 percent from October 2015 and are down 46.2 percent from November 2014.
• Crude energy materials prices slipped 9.2 percent during the month and are 36.9 percent lower than they were one year ago.
• Iron and steel prices dipped 3.7 percent for the month and 22.8 percent year-over-year.
• Prices for steel mill products fell 3.3 percent on a monthly basis and 18.4 percent on a yearly basis.
• Nonferrous wire and cable prices slid 0.8 percent month-over-month and 7.2 percent year-over-year.
• Prices for fabricated structural metal products fell 0.3 percent for the month and are 0.8 percent lower than at the same time one year ago.

About ABC
Associated Builders and Contractors (ABC) is a national construction industry trade association representing nearly 21,000 chapter members. Founded on the merit shop philosophy, ABC and its 70 chapters help members develop people, win work and deliver that work safely, ethically, profitably and for the betterment of the communities in which ABC and its members work. Visit us at abc.org.

< Prev   Next >


Amerisurv Exclusive Online-only Article ticker
Featured Amerisurv Events
List Your Event Here
contact Amerisurv


SXblue Announces
Premier Receiver

press [at] amerisurv.com
Online Internet Content


News Feeds

Subscribe to Amerisurv news & updates via RSS or get our Feedburn
xml feed

Need Help? See this RSS Tutorial

Historic Maps

post a job
Reach our audience of Professional land surveyors and Geo-Technology professionals with your GeoJobs career ad. Feel free to contact us if you need additional information.


Social Bookmarks

Amerisurv on Facebook 

Amerisurv LinkedIn Group 

Amerisurv Flickr Photos 

Amerisurv videos on YouTube 



The American Surveyor © All rights reserved / Privacy Statement
Spatial Media LLC
7820B Wormans Mill Road, #236
Frederick MD 21701
301-695-1538 - fax