Cost of Building Supplies ~ How has this affected your strategy

[Cherie Tormey]

Please share any thoughts on changes to your strategy with the cost of building materials through the proverbial roof?

OUT OF THE WOODS

A Nationwide Lumber Shortage is Driving Up the Cost of Homebuilding in Denver

At the outset of the pandemic, when most experts believed COVID-19 would annihilate the housing market (LOL), sawmills sought to get ahead of the downturn by reducing production—and who can blame them (see: Recession, Great)? Instead, real estate went from warm to warmer to disco. Now, with a diminished supply being fought over for increased homebuilding and improvement projects, the wood you need for that Little Free Library project will cost you 250 percent more than it did last year.

The upshot: Suppliers weren’t convinced that the construction industry could withstand the pandemic until 2021; they’ll need time (perhaps till 2022) to ramp up production enough to meet demand. So start praying your decrepit fence can make it another year. (Denver Post/5280)