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        "current_value": 360.073,
        "normalized_value": 114.175
      },
      "CES2000000003": {
        "label": "Construction average hourly wage",
        "series_id": "CES2000000003",
        "source_id": "bls_ces_construction_wage",
        "weight": 0.5,
        "configured_weight": 0.5,
        "effective_weight": 0.5,
        "base_value": 40.53,
        "current_value": 41.36,
        "normalized_value": 102.048
      }
    },
    "degraded": false,
    "missing_weight": 0,
    "missing_components": [],
    "degradation_notice": null,
    "revision_note": null,
    "license": "https://creativecommons.org/licenses/by/4.0/"
  },
  {
    "schema_version": 1,
    "identifier": "homecosttotals-hcti-2026-07",
    "name": "HomeCostTotals Renovation Cost Index",
    "short_name": "HCTI",
    "description": "A monthly composite of published construction input prices and construction wages used to update HomeCostTotals cost models.",
    "period": "2026-07",
    "base_period": "2026-01",
    "base_value": 100,
    "value": 104.88,
    "change_from_base": 4.88,
    "change_from_base_percent": 4.88,
    "month_over_month_change": 0.68,
    "retrieved_at": "2026-08-15T19:16:24.267Z",
    "published_at": "2026-08-15T19:16:24.267Z",
    "formula": "25% × Net inputs to construction industries, goods + 5% × Lumber + 5% × Copper wire and cable + 5% × Cement manufacturing + 5% × Gypsum products + 5% × Steel mill products + 50% × Construction average hourly wage",
    "material_formula": "Material basket = 0.50 × finished construction inputs + 0.10 each × lumber, copper wire, cement, gypsum, and steel",
    "groups": [
      {
        "id": "published-basket",
        "label": "Available published components",
        "weight": 1,
        "value": 104.88
      }
    ],
    "components": {
      "WPUIP2300001": {
        "label": "Net inputs to construction industries, goods",
        "series_id": "WPUIP2300001",
        "source_id": "bls_ppi_construction_inputs_goods",
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        "configured_weight": 0.25,
        "effective_weight": 0.25,
        "base_value": 329.779,
        "current_value": 352.144,
        "normalized_value": 106.782
      },
      "WPS081": {
        "label": "Lumber",
        "series_id": "WPS081",
        "source_id": "bls_ppi_lumber",
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        "configured_weight": 0.05,
        "effective_weight": 0.05,
        "base_value": 263.733,
        "current_value": 296.44,
        "normalized_value": 112.402
      },
      "WPU10260314": {
        "label": "Copper wire and cable",
        "series_id": "WPU10260314",
        "source_id": "bls_ppi_copper_wire",
        "weight": 0.05,
        "configured_weight": 0.05,
        "effective_weight": 0.05,
        "base_value": 530.917,
        "current_value": 578.187,
        "normalized_value": 108.903
      },
      "PCU327310327310": {
        "label": "Cement manufacturing",
        "series_id": "PCU327310327310",
        "source_id": "bls_ppi_cement",
        "weight": 0.05,
        "configured_weight": 0.05,
        "effective_weight": 0.05,
        "base_value": 352.183,
        "current_value": 354.239,
        "normalized_value": 100.584
      },
      "WPU137": {
        "label": "Gypsum products",
        "series_id": "WPU137",
        "source_id": "bls_ppi_gypsum",
        "weight": 0.05,
        "configured_weight": 0.05,
        "effective_weight": 0.05,
        "base_value": 480.334,
        "current_value": 481.644,
        "normalized_value": 100.273
      },
      "WPU1017": {
        "label": "Steel mill products",
        "series_id": "WPU1017",
        "source_id": "bls_ppi_steel",
        "weight": 0.05,
        "configured_weight": 0.05,
        "effective_weight": 0.05,
        "base_value": 315.369,
        "current_value": 374.203,
        "normalized_value": 118.656
      },
      "CES2000000003": {
        "label": "Construction average hourly wage",
        "series_id": "CES2000000003",
        "source_id": "bls_ces_construction_wage",
        "weight": 0.5,
        "configured_weight": 0.5,
        "effective_weight": 0.5,
        "base_value": 40.53,
        "current_value": 41.46,
        "normalized_value": 102.295
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    },
    "degraded": false,
    "missing_weight": 0,
    "missing_components": [],
    "degradation_notice": null,
    "revision_note": null,
    "license": "https://creativecommons.org/licenses/by/4.0/"
  }
]