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Crazy construction materials news I learned today
Posted on 3/1/21 at 9:51 pm
Posted on 3/1/21 at 9:51 pm
1/3 of all commercial steel trusses in inventory AND planned for manufacture this year are slated for Amazon construction projects.
All manufacturing of commercial and residential sheathing is running 4 months behind.
Common residential construction material inventories will be exhausted early April.
The construction industry is about to be in serious trouble. Work will be plentiful in the short term, but lack of - and cost - of materials is going to cause lots of pain.
On the flip side, existing home values will skyrocket.
All manufacturing of commercial and residential sheathing is running 4 months behind.
Common residential construction material inventories will be exhausted early April.
The construction industry is about to be in serious trouble. Work will be plentiful in the short term, but lack of - and cost - of materials is going to cause lots of pain.
On the flip side, existing home values will skyrocket.
22
Posted on 3/1/21 at 10:00 pm to Eli Goldfinger
You would hope market forces would make some corrections but with free money flowing in multiple forms and business being funneled away from small business and into the mega corps I don't see an end in sight. Add in that we are due for inflation any time now and we may never see lower material prices again, not anything an average person can afford anyway.
Posted on 3/1/21 at 10:01 pm to armsdealer
quote:
free money
Yup
Banks could put on the brakes and control it, but they won’t.
Posted on 3/1/21 at 10:02 pm to Eli Goldfinger
You got a source?
Posted on 3/1/21 at 10:03 pm to crazyLSUstudent
Wife is an architect for a national firm and had a big meeting with national manufacturers and construction folks.
Lots of talk around coming up with alternative materials.
Common residential materials like Advantek and stick lumber are up 115% year over year.
Commercial materials are up even more.
Lots of talk around coming up with alternative materials.
Common residential materials like Advantek and stick lumber are up 115% year over year.
Commercial materials are up even more.
This post was edited on 3/1/21 at 10:07 pm
Posted on 3/1/21 at 10:05 pm to Eli Goldfinger
Yep. Biden hired amazon to build cages for trump supporters.
Posted on 3/1/21 at 10:08 pm to Eli Goldfinger
Plastic houses.....the future.
Posted on 3/1/21 at 10:10 pm to Eli Goldfinger
quote:
ol•i•gar•chy ol'i-gär?ke, o'li-? n. Government by a few, especially by a small faction of persons or families. n. Those making up such a government.
Posted on 3/1/21 at 10:11 pm to wizard1183
Realistically...probably more cement-based construction.
Posted on 3/1/21 at 10:11 pm to Eli Goldfinger
Posted on 3/1/21 at 10:14 pm to Eli Goldfinger
quote:
Common residential construction material inventories will be exhausted early April.
I believe it. I sell construction material and it’s been tough to fill film orders for the last 6 weeks or so and it keeps getting worse
Posted on 3/1/21 at 10:15 pm to el Gaucho
quote:
el Gaucho
Posted on 3/1/21 at 10:17 pm to Eli Goldfinger
Indirectly, I work for a big box home improvement store. We’re hearing a lot of the same. Production is already being hampered because of covid and the Chinese New Year.
Posted on 3/1/21 at 10:27 pm to el Gaucho
quote:
Biden hired amazon to build cages for trump supporters.
Posted on 3/1/21 at 10:33 pm to Eli Goldfinger
Steel companies are quoting 4th quarter on steel for jobs starting now. If you know construction, steel is one of the first submittals processed. I’ve been waiting on joist for 3 weeks now. They finally showed up last Friday and were the wrong shipment. Amazon has everything messed up right now.
Posted on 3/1/21 at 10:35 pm to Eli Goldfinger
I work for a GC who does a lot of industrial/big box warehouses. Steel cost have gone up over $2.00/sf since December. That’s about 25%. It’s killing us across the board as it trickles down to other trades. We are having to pull the trigger on steel with quotes only good for 1-2 weeks.
Posted on 3/1/21 at 10:39 pm to Eli Goldfinger
It's getting ridiculous. We're having price increases monthly. Owners in LA already cant afford shite.
Posted on 3/1/21 at 10:39 pm to Eli Goldfinger
That’s probably not going to line up well with my 3 year plan to own a house around that time.
Posted on 3/1/21 at 10:40 pm to Phil
We're getting hit with about a 10% increase on hollow metal. Wood/lumber goes up every month
Posted on 3/1/21 at 10:42 pm to supadave3
quote:
That’s probably not going to line up well with my 3 year plan to own a house around that time.
Save up now and spend big 6 months after the looming crash.
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