Have a look at construction materials pricing. Lumber is up 200% since last year. Plumbing materials are going up like 30% every few months to the point a local supplier here has to post signs indicating price increases.
Was speaking with a contractor who told me quotes they put out a year ago they’re having to revise about 40% (depending on project) for clients that are requesting work start now.
Labor costs haven’t quite risen in that field yet but with insatiable demand right now I’d expect it to. A carpenter I know has been working 6 days a week for months now.
Money is cheap and people had a great year of saving due to not taking vacations, etc last year. Combine that with supply lines being disrupted and it’s a bidding war for materials.
Go to Home Depot and be shocked at the price of a 2x4.