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

#bubble, #inflation, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Banking, Economy, Existing Home Sales, Fed, Gold, Housing, Inflation, Mortgage, Powell, REITs, Treasuries, Treasury, Uncategorized 1 Minute

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.

Published by confoundedinterest17

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