Curious to what other segments in the industry are seeing delays in materials. I have floors backordered to September. Prefinish, LVT, even unfinished ordered a month ago is coming in late.
My work communications have tripled due to shortages and trying to find alternatives.
Its still only May 
Rant over. Back to emails 
It’s bad right now. All over the area.
A roll of steel mesh has skyrocketed. Jobs are getting more and more expensive by the day. And tougher to complete. I typically always form my pours with 2x4s but it’s getting expensive just to buy them.
So far steel is slow, bar joists are 10-12 months out, Commercial HVAC units 1-2 months out depending on the brand, Commercial dehumidifier 11-12 months (client specific brand), some flooring has been a little slow but for the most part it’s been cost increases.
Depending on the city & state we’ve had 2 to 3 drywall material price increases compared to the usual 1 maybe 2 per year. So explaining to clients why their previous price is no longer good is getting a little tiresome. Lots of work going on right now though so happy about that.
Steel prices are climbing for us as well. Its getting harder to find the specific material a customer wants. Our quotes are only good for 24-36 hours right now. We tell the customer to be ready to pull the trigger, because tomorrow, the material is likely gone & its another 2-6 week wait.
Is the price aluminum recycling going up yet!? I have 4 years worth of crushed cans to bring in one of these day..
I got sticker shock this past weekend, needed (3) 2″ x 8″ x 10′ boards, green treated. Cost me a hundo!!! But at least they were available.
How about the price of concrete? Heard yesterday cost of pvc has doubled.
Prices are one thing, availability is another.
We need some combination of interest rates taking a slight hike along with Covid further in the rearview mirror on the global stage before things will regulate. I think it will easily be winter before we see a lot of lumber and building supplies start to regress in price.
It’s absurd how many people will blindly agree to build at any cost as long as they can get approval from a bank. This situation is very different then 2008-2009 bubble talks that everyone wants to reference. However, it doesn’t mean there won’t be people who end up on the wrong side of some tough financial decisions.
How about the price of concrete? Heard yesterday cost of pvc has doubled.
Concrete is still in the same ball park as it has been. It jumped a little but not anything to crazy
OSB 4’x8’x1/2″ $74.69!!! Ten times what you paid for it 2 years ago. Had a 3 car garage scheduled to be built in June with materials quoted the end of April. Just talked to the lumber guy and the same materials went up $5000! Needless to say there isn’t going to be a garage in my very near future
Some mills aren’t even running the less common species of flooring for the summer possibly year now.
Kitchen Cabinets, depending on line, up to 14 week wait, Plumbing fixtures several weeks wait. As far as costs most everything we have got notice of some increase. Same house last year is $35,000 – 40,000 more now. Don’t really want higher Int. rates but I think that is what it will take to get a slow down on the economy as a whole. We can’t keep going at the rate we are going now. Borrowed money in the early 80’s to farm at 21%. That wasn’t fun either.
Priced out a 35ft x 35ft 5ft tall chain link fence in March for materials in March, cost was about $750. Ordered it 3 weeks ago and it was over $1200. I need it so couldnt say no, half of the materials were on backorder but all are in now
There also is some profit percentage increases going on also. That will only get worse as the vendors realize people will buy no matter the price.
Stainless steel sheet metal and tubing prices are 2-300% of what they where 5 months ago. Thats only if you can find it. Leadtimes that were normally 1 week or less for raw goods are now 6+ weeks and sometimes much worse. Even aluminum material is up. I paid $103 yesterday for the same 6063 square tubing as what I paid $37 for in Jan. Most of my vendors quotes are now same day pricing. The newest concept I’m seeing is price at the time of delivery not the time of the PO. CRAZY
Makes me almost want to trade my 1 year old truck in before the new truck prices shoot to the moon even more.
Lots of smaller yards have their sales working on % based commission as a portion of their pay. If the volume of sales is still there at high costs, it’s like a daily bonus compared to a couple years ago. There’s never been a better time to be handing out bids as a salesman here locally. Blame the market and crazy demand without explaining the raise it gives you too
I think yards are careful right now on pricing and aren’t really lining their pockets. Materials are truly hard to come by and each order is a competition to win against other yards. Fast forward to when lumber futures start to fall, and you’ll quickly see whether or not the middle men yards selling to contractors and average Joes choose to pile on some more profits or not. When futures start to fall people better do their research. Some places will adjust prices accordingly and others will slowly drag their feet.
Makes me almost want to trade my 1 year old truck in before the new truck prices shoot to the moon even more.[/quote]
Good luck finding a new truck. Drove through our local Chevy dealers lot yesterday, not 1 new 1500 Silverado in the lot. This dealer normally carries about 80 new 1500 series in stock. ????
I had been planning several home projects – I will not be doing them.
There are too many people for whom money is no object in these times.
The Canucks need to open their economy and get people back to work. That would do wonders to get the lumber supply back towards normal.
As far as “There are too many people for whom money is no object in these times.” Well, no, not really. People that still had jobs were able to take advantage of ultra low interest rates. Couple that with $$ from the government that they could use as extra disposable income, they were able to do things they normally probably wouldn’t have. A lot of people are doing “small” projects. It adds up fast. Materials in the supply lines were used up faster than they could be replaced, therefore prices increased. Now we’re to the point when material prices are sky high and no one wants to pay them. The market will correct when the supply catches up.
The Canucks need to open their economy and get people back to work. That would do wonders to get the lumber supply back towards normal.
As far as “There are too many people for whom money is no object in these times.” Well, no, not really. People that still had jobs were able to take advantage of ultra low interest rates. Couple that with $$ from the government that they could use as extra disposable income, they were able to do things they normally probably wouldn’t have. A lot of people are doing “small” projects. It adds up fast. Materials in the supply lines were used up faster than they could be replaced, therefore prices increased. Now we’re to the point when material prices are sky high and no one wants to pay them. The market will correct when the supply catches up.
Agreed. Building now is the equivalent of buying an inflated stock at it’s all-time high and wondering what went wrong.
The sooner people stop building and hold projects back, the sooner things are normalized. In capitalism the consumers hold all the cards they just rarely understand it. It reminds me of all the annual posts about quality issues with new boats, missing delivery times, etc. If people held dealers and manufacturers accountable and had the stomach to walk away from recreational purchases that are astray, we wouldn’t have the issues we do in that area either.
<div class=”d4p-bbt-quote-title”>blackbay wrote:</div>
The Canucks need to open their economy and get people back to work. That would do wonders to get the lumber supply back towards normal.As far as “There are too many people for whom money is no object in these times.” Well, no, not really. People that still had jobs were able to take advantage of ultra low interest rates. Couple that with $$ from the government that they could use as extra disposable income, they were able to do things they normally probably wouldn’t have. A lot of people are doing “small” projects. It adds up fast. Materials in the supply lines were used up faster than they could be replaced, therefore prices increased. Now we’re to the point when material prices are sky high and no one wants to pay them. The market will correct when the supply catches up.
Agreed. Building now is the equivalent of buying an inflated stock at it’s all-time high and wondering what went wrong.
The sooner people stop building and hold projects back, the sooner things are normalized. In capitalism the consumers hold all the cards they just rarely understand it. It reminds me of all the annual posts about quality issues with new boats, missing delivery times, etc. If people held dealers and manufacturers accountable and had the stomach to walk away from recreational purchases that are astray, we wouldn’t have the issues we do in that area either.
the problem here is in order for the market to be impacted “the people” need to act in unison. pretty hard to organize a nation wide or even region wide agreement to hold off on small projects.
I’m an estimator for an excavation / sewer and water contractor.
Here is what I received the other day comparing oct 2020 to may 2021 pricing for a project I have.
8″ Ductile iron pipe up 11.52%
8″ SDR 26 3034 pvc. up 39.61%
6″ SDR 26 3034 pvc. up 41.40%
K copper water line up 100%
PVC pipe is hard to find. I had to pre-buy a month ago for a subdivision development a month from now.
I just talk to a residential developer that we work with today. He has stopped all building and future developments to wait for pricing to drop.
Another developer who also builds customs homes said the same lumber load that cost $28,000 last year cost him $92,000 this week. Some people must have money to burn plus money is free with low interest rates
I picked up some 2″ styrofoam from Menards this week. I told the yard worker that it looks like your inventory looks good. His comment was I don’t know where we can put much more inventory, we are running out of space. Where is this shortage/supply chain problem everyone talks about. 
I think the problem is fabricated right now to keep prices high. 
I would hate to be the salesperson sitting in the model home when the market corrects itself and the Homeowner that paid a premium for their new pad wants a rebate because the guy next door to him just built the same home for $75K less.
This will not have a happy ending!
I think the problem is fabricated right now to keep prices high.
Simular to the higher gas prices and the government’s push towards electric vehicles??
<div class=”d4p-bbt-quote-title”>mxskeeter wrote:</div>
I think the problem is fabricated right now to keep prices high.Simular to the higher gas prices and the government’s push towards electric vehicles??
I don’t think vehicles will be all electric in 10 years like some people think. JMO
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