Joe Bousquin with Construction Dive reports supplies for nonresidential contractors cost 1.8% more in June than a month before, and 20.3% more than a year ago. Input prices were down in four of 11 subcategories, with softwood lumber falling the most, down 24.8% for the month. A broader analysis of the supply chain noted declines in steel, copper and lumber going into the second half of 2022.
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