Tag: Building

Building materials soar in price amid supply shortages

Homebuyers have been urged to negotiate fixed-price contracts as the cost of building materials soars, with some key products like plumbing undergoing several price hikes in recent months.

Government building incentives and low interest loans have had a huge impact but so too have other COVID-related issues.

“There is no doubt we are seeing significant upward pricing pressures particularly since November 2020,” Metricon Queensland general manager Luke Fryer said about South East Queensland.

Metricon Queensland general manager Luke Fryer.

“A fixed price contract is an absolute key as inflationary and cost increases through both supply chain and trade are significantly

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Building Materials Market Research Report by Structure, by Application – Global Forecast to 2025

New York, April 21, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Building Materials Market Research Report by Structure, by Application – Global Forecast to 2025 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p05913688/?utm_source=GNW

Market Statistics:
The report provides market sizing and forecast across five major currencies – USD, EUR GBP, JPY, and AUD. This helps organization leaders make better decisions when currency exchange data is readily available.

1. The Global Building Materials Market is expected to grow from USD 271,982.67 Million in 2020 to USD 342,871.56 Million by the end of 2025.
2. The Global Building Materials

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LBM Journal – Lumber and Building Material Trends, Data, Products and Best Practices





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71% experiencing building material shortages


By U.S. Chamber of Commerce,

More contractors are facing a shortage of building materials as the pandemic continues, according to new fourth quarter data from the U.S. Chamber of Commerce Commercial Construction Index (Index). This quarter, 41% of contractors say less availability of building products and materials is a severe consequence of the pandemic, up from just 15% saying the same in Q3.

Most (71%) contractors say they face at least one material shortage, up 17 points from 54% in Q3. The most reported material shortage is wood/lumber, which has seen higher demand from a boom in residential construction

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Lumber Headlines Broad-Based Increases in Building Materials Prices

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Prices paid for goods used in residential construction ex-energy rose 2.1% in January (not seasonally adjusted) and have increased 6.8% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

The index for inputs to residential construction, including food and energy, also increased over the month (+2.5%) as energy prices climbed 5.1%.

Prices paid for softwood lumber (seasonally adjusted) rose 13.9%. Lumber prices have remained extremely volatile since the 88.5%

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