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Contractors caught in post-COVID volatility

Young contractor drilling hole

Written by: Nick Wright

“Whether you are a homeowner building a deck or a commercial contractor building multimillion-dollar projects, the soaring costs of construction materials is not new news. Even as lumber prices begin to retreat, what might be surprising is the length of time it might take for prices to stabilize overall or at least become more predictable.

The same could be said for the supply chain and the availability of certain products. The combination of pre-pandemic trade disputes, economic disruptions from COVID-19 and inopportune weather events in Texas have all factored into supply shortages. The trends are threatening to derail the post-pandemic recovery as project owners feel more confident about the future, but are put off by rapidly increasing prices.”

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