Housing Inflation? Construction Materials Rising At 34.7% YoY In November While Median Price Of New Home Sales Rose 18.8% – Confounded Interest

Well, at least construction materials are growing more slowly than energy prices!

The Producer Price Index for Construction Materials rose at a 34.7% YoY pace in November.

So it is no surprise that the median sales price for new homes rose 18.8% YoY in November.