Quote:
Originally Posted by #-3
It's not just wood though,
Gas prices have gone up what 70%?
Metal Prices have doubled
Wood Prices have almost tripled.
Food & Chemical prices are both up a noticeable amount.
I don't know, but it wouldn't surprise me to learn Linen and Plastic prices are going up.
I can't speak for all industries, but in my industry there was a decommissioning older production capacity at the start of COVID. The market came roaring back faster than anyone expected. The overran the existing capacity trying to catch up, and saw accidents/breakdowns. Wholesalers who cut inventories at the start of COVID have sold everything off now, and are having orders restricted by the producers who prefer selling directly to manufacturers and are months behind schedule. Because manufacturers have no secondary source of supply and have seen late delivery, they are moving aggressively to secure their inventories. Producer lead time and prices have doubled with no sign of slowing down, and even if they ever catch up and get their lead times under control, they still need to re-stock the wholesalers before things go remotely back to normal. We're realistically 6-12 months from anything like a market correction, and has be having a huge effect on cost of few construction, but should trickle down to price of resale property.
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NBR and PP are both ridiculously expensive compared to normal because of mask and glove production, among other medical supplies. I am sure it extends to other polymers and plastics too, as production is diverted towards the higher priced compounds.