This article was originally published by a www.houzz.com . Read the Original article here. .
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were up 1.2% in January according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. The Producer Price Index measures prices that domestic producers receive for their goods and services, this differs from the Consumer Price Index which measures what consumers pay and includes both domestic products as well as imports.
The inputs to the New Residential Construction Price Index grew 1.1% from January of last year. The index can be broken into two components—the goods component increased 2.1% over the year, while services decreased 0.3%. For comparison, the total final demand index, which measures all goods and services across the economy, increased 3.5% over the year, with final demand with respect to goods up 2.3% and final demand for services up 4.1% over the year.
Input Goods
The goods component has a larger importance to the total residential construction inputs price index, representing around 60%. For the month, the price of input goods to new residential construction was up 1.6% in January. Monthly growth of the index was relatively low in the past two years, as this monthly increase was the largest since March of 2022 (3.3%).
The input goods to residential construction index can be further broken down into two separate components, one measuring energy inputs with the other measuring goods less energy inputs. The latter of these two components simply represents building materials used in residential construction, which makes up around 93% of the goods index.
The 2.1% yearly growth in the goods component can be attributed to the rise in the prices of building materials, which grew 2.3% over the year. Meanwhile, the price of energy inputs was 1.6% lower than last year. Between December and January, building materials increased 1.4%, while energy inputs increased 4.3%.
At the individual commodity level, the five commodities with the highest importance for building materials to the New Residential Construction Index were as follows: ready-mix concrete, general millwork, paving mixtures/blocks, sheet metal products, and wood office furniture/store fixtures. Compared to last year, ready-mix concrete was up 4.1%, wood office furniture/store fixtures up 4.7%, general millwork up 2.4%, paving mixtures/blocks up 8.6% while sheet metal products were up 0.4%.
For January, the commodity used in new residential construction that featured the highest price growth was an energy input, home heating oil and distillates, increasing 16.0%. The non-energy input that had the highest monthly price growth was paving mixtures and blocks, up 14.8%. This is likely a pass-through of increases in asphalt prices, which were up 6.9% in January.
Input Services
While prices of inputs to residential construction for services were down 0.3% over the year, they were up 0.5% in January from December. The price index for service inputs to residential construction can be broken out into three separate components: a trade services component, a transportation and warehousing services component, and a services excluding trade, transportation and warehousing component. The most significant component is trade services (around 60%), followed by services less trade, transportation and warehousing (around 29%), and finally transportation and warehousing services (around 11%). The largest component, trade services, was down 1.9% from a year ago. The services less trade, transportation and warehousing component was up 1.6% over the year. Lastly, prices for transportation and warehousing services advanced 3.1% compared to January last year, the largest year-over-year increase since January of 2023.
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This article was originally published by a eyeonhousing.org . Read the Original article here. .
With an entire new year ahead of you, decluttering your home may not seem so hard. But after January, when that new year energy begins to wane, the prospect of tackling such a big project tends to overwhelm.
Enter this month-by-month guide to clearing the clutter from every room of your house. I’ve zeroed in on areas of the home that I find fit with certain events, such as back-to-school or spring fashion, but feel free to reorganize as you see fit to tackle specific areas of your home that need attention sooner.
No matter what, by the end of the year, your home should be feeling more spacious and, perhaps more important, you should be feeling more capable of maintaining a clutter-free space.
This article was originally published by a www.houzz.com . Read the Original article here. .
1. An Elegant Soiree
Whether you want to celebrate with just that special person in your life or fill your house with friends, New Year’s Eve is the perfect excuse to pull out all of the stops. Champagne and oysters? Why not?
Indulging in these luxuries at home is far more cost conscious than ordering them in a restaurant. A note on the invitation to dress “to the nines” should be enough encouragement to get people in their party clothes.
For extra amusement scatter an assortment of fun props across a console table — boas, tiaras, hats, noisemakers, horns — and invite guests to help themselves. As always, be a thoughtful host and provide festive nonalcoholic beverages for your guests who do not drink.
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This article was originally published by a www.houzz.com . Read the Original article here. .
The theme of this year’s show was Creative Conscience, with the organizers spotlighting materials that fuse functionality, aesthetics and sustainability.
“The theme focuses on the future of materials for the built environment, driven by developments in technology, a heightened focus on sustainability and a deeper understanding of human needs,” said the show’s director, Nickie West.
A number of the brands at the show had this ethos in mind, displaying surfaces that were created sustainably and use technology to ensure they’re durable to avoid waste.
Transformad’s Tmatt super-matte surface collection (pictured) has an anti-fingerprint finish, is scratch-resistant and has self-regenerative properties. It’s also made without the use of solvents to raise its environmentally friendly credentials.
Similarly, Koukos de Lab highlighted its Koukoutsi surfaces, which are made from repurposed eco-waste. The materials are available in various thicknesses and finishes, and are easy to maintain and repair. They can also be refurbished or transformed into new products when they’re no longer needed.
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