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No Price Increases On Building Materials in July

Concrete prices saw a significant decline in July, dropping 4.3 percent from June levels. For the second month in a row, prices were either down or flat for all building materials, according to Department of Labor, Bureau of Labor Statistics. For the month, lumber prices declined by 1.9 percent, steel prices dropped by 1.4 percent and asphalt prices remained unchanged from the previous month.

For the past 12 months, concrete is the only building material that has shown a decline in price. For the 12-month period, steel prices have increased by 26.1 percent, lumber prices have gained 11.7 percent and asphalt prices have risen by 6.6 percent. By comparison, concrete prices have declined by 6.1 percent during the same period. 

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