Tag: shortages

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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Experts: Construction material shortages to continue in 2021

Dive Brief:

  • Commercial contractors continue to battle material shortages brought on by the coronavirus pandemic, according to the Q4 2020 U.S. Chamber of Commerce Commercial Construction Index.
  • The CCI increased by three points — from 57 in Q3 to 60 in Q4  but is still far beneath 74, the first-quarter score prior to the pandemic.
  • The difficulty in procuring some construction materials and the cost associated with shortages won’t go away anytime soon, experts say.

Dive Insight:

The three big drivers  backlog, revenue expectations and contractor confidence  in the business group’s report “nudged up” slightly from the

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Lumber shortages and prices are soaring amid tariffs, mill closures and a whole lot of DIY projects

Covering COVID-19 is a daily Poynter briefing of story ideas about the coronavirus and other timely topics for journalists, written by senior faculty Al Tompkins. Sign up here to have it delivered to your inbox every weekday morning.

I have done more DIY projects in the last five months than in the preceding five years. One thing I have noticed: Lumber prices are really high.

America started the year with lower than normal lumber supplies, then along came the pandemic that shut down mills and slowed imports. At the same time, while Americans are stuck at home, we have been

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