Part of the problem is there’s also a massive housing boom right now. Demand across the industry is through the roof, which is driving up prices, along with supply line delays and shortages.
Housing/Construction was always an “essential industry,” so they haven’t been subject to the shutdowns that have plagued the service industry.
And there's several billion dollars worth of "rebuilding efforts" to take care of from some "natural disasters" from last year. And they very well may start up again this year, once it's warm enough to jog at night.
Word I am getting from mills and lumber truck drivers is there is no supply shortage and they are selling lumber to stores at same price as always. So it’s the big box stores who are gouging.
OSB might be high in part due to some resin extracted from plants that’s in short supply. Same material used in vinyl windows. I am les confident about this statement though (only one inside source).
I work in hvac and everything is turning into gold. Pvc fittings are getting hard to keep in stock. AC units are on back order, copper is going through the roof. We're still busy because the owner bought a ton of shit when biden got elected but our inventory is getting low and getting new stuff is getting harder and way more expensive.
What the eff is going on? Covid lockdowns, China squeezing us for items, or maybe something pragmatic, like we are having trouble finding stuff to put into those shipping containers so China can send them back with something else?
Try telling that to the window manufacturers. I started trying to have windows replaced last May. Top brand. Project still not complete, factory was shut down, then reopened with 40% capacity, then later 60% capacity. At time of purchase, they estimated 6-8 week delay, ended up almost 4 months. Of 15 windows delivered, 8 had manufacturing faults. Tech rep from company said that with shutdown, many older experienced factory workers retired and there were many new hirees. Seven windows were finally repaired with new parts but one window had to be completely replaced. Hopefully, it arrives today.
Part of the problem is there’s also a massive housing boom right now. Demand across the industry is through the roof, which is driving up prices, along with supply line delays and shortages.
Housing/Construction was always an “essential industry,” so they haven’t been subject to the shutdowns that have plagued the service industry.
And fuel prices are higher so delivery costs are higher.
And there's several billion dollars worth of "rebuilding efforts" to take care of from some "natural disasters" from last year. And they very well may start up again this year, once it's warm enough to jog at night.
Are you ready for riot season?
Word I am getting from mills and lumber truck drivers is there is no supply shortage and they are selling lumber to stores at same price as always. So it’s the big box stores who are gouging.
OSB might be high in part due to some resin extracted from plants that’s in short supply. Same material used in vinyl windows. I am les confident about this statement though (only one inside source).
I work in hvac and everything is turning into gold. Pvc fittings are getting hard to keep in stock. AC units are on back order, copper is going through the roof. We're still busy because the owner bought a ton of shit when biden got elected but our inventory is getting low and getting new stuff is getting harder and way more expensive.
I am so glad I replaced my old system at the beginning of Covid. So have one system at 1 year old, one at about 12.
What the eff is going on? Covid lockdowns, China squeezing us for items, or maybe something pragmatic, like we are having trouble finding stuff to put into those shipping containers so China can send them back with something else?
Gotta build those free homes for foreigners.
Try telling that to the window manufacturers. I started trying to have windows replaced last May. Top brand. Project still not complete, factory was shut down, then reopened with 40% capacity, then later 60% capacity. At time of purchase, they estimated 6-8 week delay, ended up almost 4 months. Of 15 windows delivered, 8 had manufacturing faults. Tech rep from company said that with shutdown, many older experienced factory workers retired and there were many new hirees. Seven windows were finally repaired with new parts but one window had to be completely replaced. Hopefully, it arrives today.
There may be another real estate bubble forming. Interesting read: https://www.noradarealestate.com/blog/housing-market-predictions/
Then on top of that they are likely expecting heavy regulation of construction because of “green” policies