While lumber prices have finally been coming down, production and delivery issues with steel goods have caused the prices for those materials to surge by 81.3 percent.
Associated General Contractors of America Chief Economist Ken Simonson reported July was the sixth consecutive month of increases more than 10 percent for construction inputs.
Many experts predict price increases will continue until at least the end of the year.
Other inputs seeing price increases of at least 30 percent include asphalt, plastic water pipe, wood window and door frames, and copper pipe and tubing. (Source)