Quote:
Originally Posted by #-3
Building materials are sky rocketing in price too, a combination of lost production capacity, high demand, and lack of inventory at wholesalers. Normally the need for home builders to keep building puts some downward pressure on prices, but margins on a $8.00 2x4 have got to be a lot better than margins on a $2.50 2 x 4, it changes the math on how many houses need to be built and at what price.
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I’ve seen this as well. Just a walk through home depot and a single 2x4 is now $7.50. It was $3 a year ago. I’m assuming it’s because everyone’s doing reno’s now. You have to wonder if new home prices will go up because of increased materials costs?