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Hot-rolled bars, plates, & structural shapes Steel pipe and tubeCopper and brass mill shapesAluminum mill shapesFabricated steel platePrefabricated metal buildings$Construction machinery and equipment%Crude petroleum (domestic production)Industrial natural gasPlastic resins and materials&Construction sand/gravel/crushed stoneCementIron oreIron and steel scrapCopper base scrap"Asphalt paving mixtures and blocks12 months through December---Producer price index (PPI) for finished goods WPUSOP3000 BLS Series ID WPUSI004011 WPU062101WPU066 WPU072106PCUBBLDPCUBHVYPCUBHWYPCUBRS1PCUBRSMWPU0553WPU056 WPU057303 WPU05810112WPU1017WPU1012 WPU101704 WPU101706 WPU102102 WPU102301 WPU102501 WPU102502 WPU107408 WPU10740501 WPU107409WPU1076WPU1079WPU112WPU1321WPU1322WPU133WPU1331WPU1332WPU1333WPU1334WPU1335WPU1342WPU136WPU1361WPU137WPU1392WPU1011- Fabricated structural metal for buildings CUUR0000SA0Background on PPIsOrganization of PPI TablesChanges in Construction CostsNew school constructionnot available before 2005!not available; series began 12/059Table 3: Changes in PPIs for Specific Construction InputsCTable 4: Changes in PPIs for Basic Inputs Important to Construction<Table 1: Changes in Consumer, Producer & Construction Prices2 Prepared asphalt & tar roofing & siding productsuCompiled by Ken Simonson (simonsonk@agc.org), Chief Economist, Associated General Contractors of America, www.agc.orgn.a.New office constructionAsphalt (at refinery)Fabricated structural metal&Architectural and ornamental metalwork.Fabricated iron & steel pipe, tube, & fittingsPCUBCON WPU101212Stainless and alloy steel scrap&no data from 1996 until September 200612/03WPU1073Sheet metal products PCU236221 PCU236222 PCU236223 PCU236211$New industrial building constructionhPercentage Changes in Producer Price Indexes (PPIs) for Construction Materials and Components, 2001-2008,not available before 2008; series began 6/07k As the name implies, the PPI for a commodity measures the price charged by a producer of that item or category. The index excludes any costs the buyer incurs beyond the producer s loading dock or other point of sale, such as insurance, freight, storage, fabrication, or installation. Such costs are considerable for many construction inputs and may change at rates different from the PPI, but these rates cannot be estimated from PPI data. There is no PPI for construction labor, and the PPIs for trucking and insurance are not specific enough to indicate the specialized services and products used in construction. Copper oresя To provide consistency,  not seasonally adjusted indexes have been selected for all items. For many items, BLS does not post a seasonally adjusted index, either because the price does not vary consistently by season or there is not enough data available to calculate a seasonal adjustment. However, prices of items such as natural gas do show wide seasonal swings; for these PPIs, a large one- or three-month change may not be unusual. The PPIs shown are available only at a national level. PCU23811X2Concrete contractors, nonresidential building work!not available; series began 12/07 PCU23816X1Roofing contractors, nonresidential building work PCU23821X4Electrical contractors, nonresidential building work PCU23822X2Plumbing contractors, nonresidential building work WPU139401)PPI for inputs to construction industries1PPI for inputs to highway and street construction*PPI for inputs to other heavy construction*PPI for inputs to nonresidential buildings(PPI for inputs to multi-unit residential)PPI for inputs to single-unit residential9Table 2: Changes in PPIs for New Buildings and Components not available; series began 6/06љ Table 1 compares the CPI-U with PPIs for finished goods and for construction inputs (materials that go into every type of residential and nonresidential project, plus items such as diesel fuel that are used up by contractors). The construction input PPIs are separately weighted for inputs used in highway and street, other heavy, nonresidential building, multi- and single-unit new residential construction. Weights are available on request; they differ markedly for different types of construction. Table 3 shows changes in PPIs for specific construction inputs. Items are grouped into petroleum-based products; concrete and brick products; miscellaneous materials; and metal products. Indented index names show that the item is a subset of the last unindented item above it; this relationship is also shown in BLS s numbering system, which assigns one or more extra digits to subcategories. For instance, "WPU1331, concrete block and brick," is indented to show it is included in the index for  WPU133 Concrete products. ] In general, through 2003 most construction materials show very modest increases and many decreases in price, similar to the CPI, which rose 1.6% in 2001, 2.4% in 2002, and 1.9% in 2003. Beginning in 2004, however, many construction materials had years with double-digit increases, whereas the CPI has continued to rise at a 2.5-5.6% annual rate.LOщ The PPIs chosen for these tables are believed to be the closest approximation to items actually used or bought for construction. Some PPIs cover a wider range of materials than items used specifically in construction. For instance, steel mill products include steel used in motor vehicles, appliances, equipment, etc., as well as construction. Other PPIs, like those for concrete products, reflect materials used solely in construction. An industry PPI measures the costs of all items used by an industry, including items like diesel fuel that are consumed during construction. Readers are encouraged to scroll through the indexes on the PPI website. BLS has invited users to submit ideas for additional PPIs; send them to simonsonk@agc.org.ќўЩ Ъo Table 2 <] shows PPIs for completed new buildings (industrial, warehouse, school and office) and for the prices charged by concrete, roofing, electrical and plumbing contractors for work on new nonresidential buildings. Unlike other PPIs, these indexes include changes in general or specialty contractors' overhead, profit and labor costs as well as material inputs. Table 4 has indexes covering changes in PPIs for basic inputs--items used to produce construction inputs--divided into nonmetals, and metal ores and scrap. Recent changes in these indexes can show up later in price changes for materials made from these items.ClЧ Since early 2004, the construction industry has been jolted by a succession of steep price increases affecting a variety of materials. The attached tables document these increases, using producer price indexes (PPIs) from the Bureau of Labor Statistics (BLS) for specific construction segments, inputs and building types. The increases are compared to changes in the consumer price index for all urban consumers (CPI-U) and the PPI for finished goods. to August 2008 since-- 7/085/088/07/Consumer price index (CPI-U)(through July 2008)lUpdated 9/12/08 Source: Bureau of Labor Statistics (BLS): www.bls.gov/cpi for CPI, www.bls.gov/ppi for PPIsaChanges in Construction Materials Prices, 2001-2008 (September 12, 2008 revisions are in italics)4 Each row shows the BLS series identifier and name for a PPI (or CPI), and two groups of percentage changes. The first group shows the 12-month percentage change for the years ending December 2001-07. The second group shows preliminary price changes in the latest month from 1, 3 and 12 months before, and from December 2003, when construction costs first spiked. Percentages are downloaded for PPIs from BLS' PPI website, www.bls.gov/ppi, at the page for "PPI Databases--One-Screen Data Search." Most of the PPIs are commodity indexes. There are also two types of industry PPIs. One type measures the finished cost of new buildings or subcontractors' work, including labor, overhead and profit, as well as materials. The other measures the cost of inputs for six construction segments. 8@Ћ In August, diesel prices declined steeply but remained 50% higher than a year before. Large price increases continued for asphalt and steel. Gypsum prices jumped after two years of declines. These mixed effects left the PPI for inputs to construction industries unchanged for the month but up 12.7% compared to August 2007. 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P@ § ='§ =НH=" ŽР"РŒ@"„@"XІ@"р@"`ˆР"$@" r@" ’@!xЉ@!€?@ § >@§ >НH>" t@"@"n@"рz@"ˆ@"@"рŠ@!€[@"d@!@"рЏ@ § ?A§ ?НH?"№?"@`@"€[Р"Аˆ@"“@"%@" @"4@"TР!р?!Џ@ зDRlhhhhhhhhhhhhhhhhZhhhhhh,hhhh@ в@A в@B в@C в@D в@E в@F в@G џH џО@""""""""" § AM§ AНBA"ј?"@`Р"d@"№„@"/@"@"@`@""!(@ A !m.jА;I@§ B3§ BНHB"€Р"ИЅ@"ZЙ@"иГ@"рР" r@"РЇ@" wР"@e@!У@!щж@ § Cb§ Cc§ C;dОC;;;;;НC"ˆР"рР"8Р!а†@ § C "[§ D6§ DpНHD" žР"€v@"8­@"nЙ@"ДЎ@ОД@"€VР"@"@zР!€‘@!A‘р@ § E7§ EНHE"0›Р"€‘@"ќЇ@"@A@"FД@"I@"^@"рР"!Р!0‹@!„й@ ОF"""""""""" § G/ОG/////////// § H/ZОH/////////// зd thnhh.>ЖАЊ<d х’GG HH CC   я7 ўџр…ŸђљOhЋ‘+'Гй0ДHP\p ˆ ”  Ќф  simonsonkMicrosoft Excel@“eЩ@€ЩmЂ1Ц@\вб$ЩўџеЭеœ.“—+,љЎDеЭеœ.“—+,љЎ м PXd lt|„ Œ ЖфН  ExplanationAug 08 tables  WorksheetsФHыѓck‹ЃЛ _PID_HLINKS_AdHocReviewCycleID_EmailSubject _AuthorEmail_AuthorEmailDisplayName_PreviousAdHocReviewCycleIDфAh"2http://www.bls.gov/ppiЕЃ`|Boston Globe Inquirykazzazz@agc.orgZachary KazzazДф  !"#$%&'()*+,-./0123456789:;<=>?ўџџџABCDEFGўџџџIJKLMNOўџџџ§џџџўџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџRoot Entryџџџџџџџџ РFРa%{[ЩўџџџWorkbookџџџџџџџџџџџџoSummaryInformation(џџџџ@DocumentSummaryInformation8џџџџџџџџџџџџHRoot Entryџџџџџџџџ РFPр6ЩUWorkbookџџџџџџџџџџџџoSummaryInformation(џџџџ@DocumentSummaryInformation8џџџџџџџџџџџџ№  !"#$%&'()*+,-./0123456789:;<=>?ўџџџABCDEFGўџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџўџџџ§џџџўџџџVўџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџ ўџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџўџеЭеœ.“—+,љЎDеЭеœ.“—+,љЎ м PXd lt|„ Œ ЖфН  ExplanationAug 08 tables  WorksheetsаHьєdtxЄl _PID_HLINKS_AdHocReviewCycleID_EmailSubject _AuthorEmail_AuthorEmailDisplayName_PreviousAdHocReviewCycleIDфAh"2http://www.bls.gov/ppiДфЕЃ`|~August PPI tables + 9/15 Data DIGest: Construction PPIs diverge as diesel tumbles, building materials rise; Ike spares outputSimonsonk@agc.orgKenneth Simonson