Tag: Material

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


Wood is making a comeback as a favorite building material

A new lab at the School of Architecture provides an area to study and teach how timber can be used in South Florida.

When you think of the ideal material to use in building a sturdy and resilient house, apartment, or office building, what comes to mind?

Steel, concrete. 

Think again.

Wood is fast becoming a favorite among architects and builders as a construction material. It is one of the oldest on Earth and yet one of the most resilient, renewable, and environmentally friendly.

“Wood is an ideal building material because it is a carbon sink—meaning it stores carbon instead


Rising Lumber, Building Material Costs Press on New-Home Prices

Rising Lumber, Building Material Costs Press on New-Home Prices | Realtor Magazine

New-home sales tapered off at the end of 2020 as higher home prices offset some of the strong buyer demand seen earlier in the year. While sales of newly built single-family homes increased 1.6% in December, sales had been much stronger over recent months.

New-home sales in 2020 posted an 18.8% increase over 2019, the U.S. Department of Housing and Urban Development and U.S. Census Bureau


Builders Cite Building Material Prices as Top Challenge | NAHB Now

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