JoeWras
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 18, 2012
- Messages
- 12,501
Ouch!
And shelter may not have cooled off yet. I still think a lot of this is due to the high cost of structure maintenance. Plumbing, HVAC, roofing (etc) materials and labor are baked into shelter and not broken out. I would bet if we saw what HVAC inflation is, it would be well above the CPI average. Roofing isn't too far behind.
I volunteer for the non-profit and have a lot of contact with trades, getting estimates and jobs done. I've seen their prices become more stable last year, but then they told me that Jan 1 they are raising prices again. (HVAC and concrete guy.) Concrete guy said it was due to price of rock from quarry rising.
I really wish stuff like roofing, plumbing, electrical and HVAC were broken out somehow in the CPI. We have no good visibility of this. But I get it. The way they calculate shelter compels them to have these things baked into shelter.
And shelter may not have cooled off yet. I still think a lot of this is due to the high cost of structure maintenance. Plumbing, HVAC, roofing (etc) materials and labor are baked into shelter and not broken out. I would bet if we saw what HVAC inflation is, it would be well above the CPI average. Roofing isn't too far behind.
I volunteer for the non-profit and have a lot of contact with trades, getting estimates and jobs done. I've seen their prices become more stable last year, but then they told me that Jan 1 they are raising prices again. (HVAC and concrete guy.) Concrete guy said it was due to price of rock from quarry rising.
I really wish stuff like roofing, plumbing, electrical and HVAC were broken out somehow in the CPI. We have no good visibility of this. But I get it. The way they calculate shelter compels them to have these things baked into shelter.