PPI data shows softwood lumber rising
Here are the latest index readings of 10 commodities.
The U.S. Bureau of Labor Statistics’ latest Producer Price Index charts show a sizeable increase for softwood lumber.
Softwood lumber was the most volatile commodity tracked on the chart below, which shows items pertinent to hardware and building supply.
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On a year-over-year basis, softwood lumber saw its PPI index increase 11.8 percent. At the other extreme, plywood is down 4.8 percent from a year ago.
Softwood lumber was also the most volatile commodity on a monthly basis, up 4.3 percent from October to November.
Overall, prices for inputs to new residential construction—excluding capital investment, labor, and imports—were unchanged in November according to analysis of the data from the National Association of Home Builders.
