U.S. Homebuilding & Building Products: Price-Cost Tracker

Research evidence excerpt

U.S. Homebuilding & Building Products: Price-Cost Tracker

Equity Research

14 May 2026

U.S. Homebuilding & Building Products

Price-Cost Tracker

Please find attached our price-cost tracker for key building

products categories and commodities.

POSITIVE

We are seeing building material cost inflation accelerate  Barclays Building Products

as oil remains >$100 per barrel, with the most severe U.S. Homebuilding & Building Price-Cost Tracker

increases seen across plastics and petrochemical- Products

May 2026 Matthew Bouleyrelated inputs that go into key building products. This

+1 212 526 9029includes polyethylene (+48% m/m), polypropylene

matthew.bouley@barclays.com

(+29%), and asphalt (+41%), with PVC gaining momentum (+9%). Select building products BCI, US

are beginning to push through pricing alongside several future price announcements arriving, to

offset this cost pressure. Elizabeth Langan

+1 212 526 5960

WMS was a mixed read with plastic storm sewer pipe up +1% m/m, offset by strong cost elizabeth.langan@barclays.com

BCI, USinflation in HDPE (+48% m/m and +77% since February) and polypropylene in April (+29%, +52%

since Feb.). We expect WMS will ultimately drive greater earnings given its strong pricing power Anika Dholakia

and vertical integration relative to peers, though with near-term margin headwinds related to +1 212 526 8780

the spike in inputs. OC was also a mixed read; while asphalt cost has notably ticked higher anika.dholakia@barclays.com

BCI, US(+41% m/m and now +18% y/y in April), we do estimate that this magnitude of inflation is baked

into the guidance provided by the company last week. Roofing price flat m/m, though we would Elaine Ku

expect the April industry px increase to be more visible next month, with June price on the +1 212 526 7529

horizon.