Softwood lumber prices fell 3.0% in November 2018, marking the second consecutive decrease to the producer price index for Softwood Lumber, according to the latest Producer Price Index released by the Bureau of Labor Statistics. The PPI has fallen 23.6% since setting an all-time high in June.
The final demand producer price index for OSB fell 13.7% in November, and a total of 28.0% over the past four months. The index is now 0.6% lower than it was in January 2018.
Residential construction goods input prices (not seasonally adjusted) decreased 1.7% in November, just the third decrease—and by far the largest—over the past 12 months. The other decreases, -0.1% and -0.5%, came in December 2017 and August 2018, respectively. The decrease brought parity between year-to-date (YTD) changes in 2017 and 2018 (+3.8%), marking the first time this year that YTD increases in 2018 have not outpaced those of 2017.Read More