Nearly nine out of 10 builders expect building material prices will be their top challenge in 2021. To show the magnitude of this problem, the 89% builder response is down from the 96% of builders who reported this issue as their top concern in 2020.
Along the same lines, the No. 2 problem builders faced in 2020 was the availability/time it takes to obtain building materials. This issue was cited by 78% of the respondents last year, while 80% of builders report this will be a key concern in 2021. The high incidence of builders reporting building material problems is