Inputs to construction rose by 1.6 percent on a not seasonally adjusted basis over the 12 months ending in September 2014. This component of the Producer Price Index is composed of the prices of inputs to new construction and the prices of maintenance and repairs. Over the past year, the prices of inputs to new construction increased by 1.5 percent. The prices of inputs to new non-residential construction rose by 1.0 percent, but the prices of inputs to new residential construction grew by 2.0 percent. Meanwhile, maintenance and repair prices grew by 1.8 percent over the past year. Prices of inputs
to non-residential maintenance and repairs rose by 1.8 percent while inputs to residential maintenance and repairs grew by 1.4 percent.
On balance, individual materials prices recorded year-over-year price growth. Prices of gypsum products rose by 7.5 percent, cement prices rose by 5.7 percent and softwood plywood prices rose by 14.7 percent. Meanwhile, oriented strand board (OSB) prices fell by 8.6 percent.