I have a bad feeling that the inflation that has been hanging out on Wall Street is finding it's way to Main Street, and we are all going to be in for a shock as prices climb in everything, and shortages abound.
The same lumber I bought for $500 two and a half years ago cost $1200 last week [emoji2962]
Hey gov has to cover the Biden bucks some how...haha.
Lumber prices are STUPID right now. Just finished a kitchen remodel. Luckily we went over on EVERYTHING else so didn't notice the increase in lumber prices too much. Wife wants a screened in deck. I think I'm going to spend the next year buttoning up a few projects I already have started and hope lumber comes down by the time I finish. Not jealous of anyone with big construction projects right now.
Yeah my buddy is in the middle of building a home which he had hoped to be done with a year ago. Permits and plans held him up for nearly 12 months. I'm sure he is hating his build at the moment. Not only is he a year behind he initially couldn't find a rental and was in an Air BNB for 4 weeks while looking,, I'm sure his cost had gone up, as well as renting for another year. Being a home owner sucks sometimes..haha
I get many calls from subcontractors who locked themselves into prices for contracts they won’t even start for for many months. The change in material prices will put them out of business because they cannot perform their contracts at even close to a break even amount...and if they don’t perform, they get sued for break of contract. Either way they are screwed.
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Thats a shitty place to be. Is there anything they can do to get out of the contract without the customer allowing them to change it? I guess writing in some sort of cost increase clause to allow for changes of the contract may have been in order if that's even possible.
I stocked up on PVC pipe and fittings but I can only stock so much, just trying to keep the shelves full but I’m having problems getting water heaters and toilets already also. What’s really crazy is the biggest builder I work for sold 111 houses in January and February already but I have no idea how they’re going to get enough material to get them all built and people moved in and they’re still selling them like crazy
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Yeah a co-woeker of mine is waiting on a home to be built in St. George. He signed his contract last October and by November they'd increased their home prices by 12k.
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