Among materials used in residential construction, lumber and wood products ranks 3rd in terms of importance for the Inputs to New Residential Construction Index.

Construction goods prices grew by 1.2% year-over-year. Softwood lumber was one of the largest contributors of this growth, ...

Price increases may be preemptive, but “could give companies flexibility in a dynamic trade policy environment,” Bank of ...

Although supply chains have rebounded, material costs are 40% higher than before the global pandemic started, and new tariffs ...

CoreLogic's findings align with other industry estimates on the impact of tariffs. Rob Dietz, chief economist at the National ...

President Donald Trump's tariffs have caused a rise in lumber prices, which homebuilders have warned will increase ...

Projects in the pipeline are likely to be hit the hardest as they rely on future shipments of building materials now subject ...

PRICES of building materials began to rise in late 2020, just as Covid-19 vaccines were approved and ready for human use, which signalled the reopening of the economy. From January to August last ...

AVERAGE, building materials account for approximately 50 percent to 70 percent of the total cost of building a house, the Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, has said.The ...