Inflation has taken a toll on consumers, but the overall cost of building materials continues to not just grow, but to do so at astonishing rates.
According to the National Association of Home Builders and its analysis of government data in the form of the producer price index, or PPI, the price of building materials was up another 0.4%, not seasonally adjusted.
As the Bureau of Labor Statistics puts it, "The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services."
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