Homes Left Unfinished as Contractors Are Squeezed by Material Shortages
New home buyers may be surprised to move in and discover their dream home missing its garage door or gutters — and reports of unfinished homes suggest there is plenty...
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Will the Suspension of Steel & Aluminium Tariffs Significantly Affect Inflated Material Costs?
Amidst global supply shortages and turbulent price changes, the White House has finally announced it will be suspending tariffs on European steel and aluminum. Contractors can be on the lookout...
Building Material and Labor Shortages Put Economic Squeeze on Construction Business
According to third-quarter 2021 data from the US Chamber of Commerce Commercial Construction Index, staffing shortages and problems with material supply chains are two of the largest hurdles currently facing...
Construction Pulse September 2021: Domestic Supply Chain Problems Worsen as New Wrinkles Arise For Contractors
The US Census Bureau’s Small Business Pulse Survey (SBPS) has been active since April 2020 in an effort to track changes in business conditions during the ongoing COVID-19 pandemic. Each...
Lumber Prices Drop Below Pre-Pandemic Rates: What Should Contractors Know About the Material Climate?
After a year and a half after the cost of wood frames and other lumber-based items started a climb to historic highs, the material’s market price fell for the seventh...
Home Renovations Marred by Material Pricing and Shortages — But Hope Is in Sight
As building materials prices spiked over the course of 2020 and 2021, this issue — once the sole issue of contractors and their customers — slowly became a “dinner table...
Lumber & Steel Material Shortages Cause Confusion, Delays on Large Public Projects
While most of the news coverage on the ever-increasing price of construction materials such as lumber and steel has largely been framed in the contexts of added costs onto residential...
Nationwide Airport Construction & Expansion Projects on Hold Due to Supply Shortages, Funding Losses
Even as the prices of some construction materials begin to fall back down following record highs, elevated price estimates are leading to mounting costs around the country for major airport...