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re: Crazy construction materials news I learned today
Posted on 3/2/21 at 8:28 am to Eli Goldfinger
Posted on 3/2/21 at 8:28 am to Eli Goldfinger
Lot of pricing manipulation going on. Building has picked up with rates plummeting, and renovations and remodeling too, but not enough to drive this. Manufacturers seem to be controlling supply to recoup early 2020 losses.
3
Posted on 3/2/21 at 8:40 am to The Third Leg
i bid a structural steel project last week. steel suppliers holding their prices only 7 days before a re quote. They cannot even provide a educated escalation right now because of all the unknowns. Lumber when up came down a hair and when back up. suppliers are bitching again about shortages of fly ash which requires more cement in a mix design. Fuel going up across the board. its going to get interesting real soon.
Posted on 3/2/21 at 8:42 am to The Third Leg
quote:
Lot of pricing manipulation going on. Building has picked up with rates plummeting, and renovations and remodeling too, but not enough to drive this. Manufacturers seem to be controlling supply to recoup early 2020 losses.
The lull in production for the first half of 2020 has caused a lot of it. Low rates and a major market rebound with the rollout of the vaccine and looser Covid restrictions are another cause. I do think that with Biden in office and expected looser trading with China has the US suppliers acting like crawfish sales before Easter, they're getting it while they can as supply is down and demand is up.
This post was edited on 3/2/21 at 8:43 am
Posted on 3/2/21 at 10:21 am to The Third Leg
I honestly don’t think that supply is being controlled. I work for a manufacturer and I think it comes down to short sighted decision making when the pandemic hit. Everyone hit the panic button, decreased production and capacity, and then months later realized oh shite even running at 100% we can’t keep up.
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