OSB Product Costs Up Almost 20% in Last Year
Originally published by: NAHB — October 12, 2017
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The price of OSB increased 4.4% in September and has risen 19% and 38% since September and January 2016, respectively. The surge was in contrast with moderate increases in prices paid for gypsum products (+0.3%) and ready-mix concrete (+0.2%). The price of softwood lumber fell 0.9% in September, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics.
After declining by a total of 4.1% in June and July, the OSB price index has increased 7.5% over the past two months.
More recent data published by Random Lengths shows an even steeper increase over the past year in the price paid by end-consumers (e.g. builders and remodelers) for OSB.