Producer Price Index (PPI) data released by the Bureau of Labor Statistics earlier this year points to an increase in prices for materials used in residential door and window manufacturing.
Door and Window Market Magazine reports that based on its analysis of the BLS data, the March monthly PPI showed varying cost and pricing increases for materials including flat glass, thermoplastic resins, plastic materials, wood and metal windows and doors, and builders’ hardware.
- Flat Glass (Commodity Category): Pricing up by 0.1 percent to 132.8 – a 1.8 percent increase from the previous year.
- Flat Glass (Industry Classification): Pricing up by 0.4 percent for the month, and 3.3 percent compared to March 2016.
- Thermoplastic Resins and Plastic Materials: Costs up 4.8 percent for the month, while pricing fell 1.2 percent. Pricing for fiberglass plastic products fell 0.9 percent.
- Wood Windows and Doors: Prices for wood window units up 0.1 percent, while prices for wood doors (interior and exterior) rose 2.2 percent.
- Metal Windows, Doors and Frames: Prices for metal windows increased by 3 percent, while metal doors and frames rose by 1 percent.
- Builders’ Hardware: Costs increased by 0.1 percent from the previous month.
As material costs continue to increase, so does the need to ensure that your suppliers are helping you work more efficiently, reducing total costs as much as possible. At Contact Industries, we focus on helping our customers decrease waste, optimize labor and increase capacity. These benefits combine to increase throughput, and deliver long-term value.