
"Residential building material prices, excluding energy, rose 0.4% in July and were up 5% from a year ago."
Five percent on a $400K house is $20,000.
More from the article:
"The year-over-year percentage increase in building materials was the highest since December 2022. Energy prices fell 2.4% in July but were 33.1% higher than a year ago. Meanwhile, prices for services were down 0.3% over the month but were 6.2% higher than a year ago."
"Among building materials, softwood lumber prices rose significantly (7.4%) over the month and were up 17.3% from one year ago. Ready-mix concrete prices were down 0.4% over the month and have only risen 2.2% from a year ago."