Construction materials costs fall with oil prices in June

Construction materials costs fall with oil prices in June July 15, 2026 | 9:42 am CDT

googletag.cmd.push(function() {

// Start by defining breakpoints for this ad. var mapping = googletag.sizeMapping() .addSize([768, 0], [320, 50]) .addSize([480, 0], [320, 50]) .addSize([1366, 0], [970, 90]) .addSize([992, 0], [728, 90]) .addSize([400, 0], [320, 50]) .addSize([360, 0], [320, 50]) .build();

googletag.slots["js-dfp-tag-wwn-970x90, -8"] = googletag.defineSlot("//83945039/WWN_970x90", [[970, 90], [320, 50]], "js-dfp-tag-wwn-970x90, -8")

.addService(googletag.pubads())

// Apply size mapping when there are breakpoints. .defineSizeMapping(mapping) ;

googletag.display('js-dfp-tag-wwn-970x90, -8'); });

Woodworking Industry News

Construction materials costs fall with oil prices in June

By

Dakota Smith

July 15, 2026 | 9:42 am CDT

Print

WASHINGTON, D.C, Construction input prices decreased 1.1% in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also decreased 1.1% for the month.

Overall construction input prices are 7.6% higher than one year ago, while nonresidential construction input prices are 7.4% higher. Prices decreased in 2 of the 3 energy subcategories last month. Crude petroleum prices declined 12.1%, and unprocessed energy materials fell 8.1%. Natural gas prices were up 16.6% in June.

“Aggregate construction input prices receded in June due to the steep decline in oil prices that occurred throughout the month,” said ABC Chief Economist Anirban Basu. “Despite that decline, however, ongoing materials price escalation is likely over the coming months. The conflict in Iran has resumed, triggering a roughly 15% rebound in oil prices, and tariff-affected commodities like iron, steel and copper continue to experience steep price increases.

“While contractors remain optimistic about their margins, according to ABC’s Construction Confidence Index, higher input costs will likely weigh on profitability during the second half of 2026," said Basu.

.

Have something to say? Share your thoughts with us in the comments below.

Economy and Business Forecasts

About the author

Dakota Smith

| Assistant Editor

Dakota is an assistant editor at Woodworking Network, avidly exploring the woodworking industry.

Read more articles from this author

googletag.cmd.push(function() {

googletag.slots["js-dfp-tag-wwn-1x1, 8"] = googletag.defineSlot("//83945039/WWN_1x1", [1, 1], "js-dfp-tag-wwn-1x1, 8")

.addService(googletag.pubads())

;

googletag.display('js-dfp-tag-wwn-1x1, 8'); });

googletag.cmd.push(function() {

googletag.slots["js-dfp-tag-wwn-300x250-1, 8"] = googletag.defineSlot("//83945039/WWN_300x250_1", [300, 250], "js-dfp-tag-wwn-300x250-1, 8")

.addService(googletag.pubads())

;

googletag.display('js-dfp-tag-wwn-300x250-1, 8'); });

googletag.cmd.push(function() {

googletag.slots["js-dfp-tag-wwn-300x250-2, 8"] = googletag.defineSlot("//83945039/WWN_300x250_2", [300, 250], "js-dfp-tag-wwn-300x250-2, 8")

.addService(googletag.pubads())

;

googletag.display('js-dfp-tag-wwn-300x250-2, 8'); });

RECENT ARTICLES

Closets |

07/15/2026

Closets by Design expands to Colorado Springs

Woodworking Industry News |

07/15/2026

Tariff refunds hit $86B paid, with $49B June surge

Woodworking Industry News |

07/15/2026

Bliffert Lumber names Josh Brown CEO and president

Closets |

07/15/2026

Research: Home storage market outlook 2035

Woodworking Industry News |

07/15/2026

Canfor plans closure of Northwood mill, 300 laid off

Woodworking Industry News |

07/15/2026

Carolina Structural Systems expansion expected to boost Virginia forestry, manufacturing jobs

googletag.cmd.push(function() {

googletag.slots["js-dfp-tag-wwn-300x600, 8"] = googletag.defineSlot("//83945039/WWN_300x600", [300, 600], "js-dfp-tag-wwn-300x600, 8")

.addService(googletag.pubads())

;

googletag.display('js-dfp-tag-wwn-300x600, 8'); });

googletag.cmd.push(function() {

googletag.slots["js-dfp-tag-wwn-300x250-3, 8"] = googletag.defineSlot("//83945039/WWN_300x250_3", [300, 250], "js-dfp-tag-wwn-300x250-3, 8")

.addService(googletag.pubads())

;

googletag.display('js-dfp-tag-wwn-300x250-3, 8'); });