The Quikrete Industry Dashboard

Big industry news this week includes Inputs to residential construction increasing for the fifth straight month, according to the most recent Producer Price Index published by the U.S. Bureau of Labor Statistics. 

For softwood lumber, the seasonally adjusted PPI moved ahead for the first time since July of 2023, up 1.90% in March from February. Softwood lumber prices were 6.76% lower in March 2024 when compared to 2023. 

The non-seasonally adjusted PPI for gypsum building materials increased for the second straight month rising 2.24% in March after an increase of 2.95% in February.

Most companies covered on the Quikrete Industry Dashboard saw their stock prices step back in the past week. 

Beacon, however, saw its shares rise 14.6% above the prior month. The building products and roofing distributor continues to grow through new branch openings and acquisitions. 

Gas prices continue to rise with the national average for a gallon of regular fuel reaching $3.63 on April 12 compared to a price of $3.39 one month ago and $3.62 for the same date last year.