Overall construction spending was down slightly in August, while other spending was mixed and prices for materials like steel and lumber improved, according to the latest analysis by the Associated General Contractors of America.
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Wood costs have skyrocketed in the past year, leaving would-be home renovators to choose between waiting in price purgatory or moving forward and possibly overpaying.
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Speaking on Wednesday at a Daily Reporter Builder Breakfast webinar on “The future of the construction supply chain,” AGC of America Chief Economist Ken Simonson readily acknowledged that the main culprit in all of the supply chain pressure has been COVID-19. But there's more to it than that.
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More than a year after the outbreak of the COVID-19 pandemic, the construction industry is faced with unprecedented supply chain disruptions even as the economy at large shows signs of climbing back to where it was before the coronavirus.
Tagged with: Associated General Contractors of America Brad Boycks Ken Simonson lumber materials prices Residential Construction tariffs Wisconsin Builders Association
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The cost of wood in the home construction market has increased this year because of the coronavirus pandemic.
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Read More »A Dunn County man fatally beat his elderly father with a piece of lumber, telling investigators it was payback for years of physical and emotional abuse he endured as a child, according to prosecutors.
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The upper Midwest timber industry is welcoming the Trump administration's announcement that it's imposing tariffs averaging 20 percent on softwood lumber entering the United States from Canada.
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The Trump administration moved Monday to impose a 20 percent tariff on softwood lumber entering the United States from Canada, escalating an intensifying trade dispute between the two countries.
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There are two words the lumber industry dreads, a phrase that signifies a market trend in which prices run amok in a futile attempt to let supply catch up with demand.
Tagged with: Blenker Building Systems homebuilders lumber National Association of Home Builders
Read More »The decision to tear down the barn wasn't an easy one for Ann and Jerry Ohde.
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