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Wednesday October 4, 2023

THE MINNESOTA HOUSING INDUSTRY NEWS SOURCE BY HOUSING FIRST MINNESOTA

Tag: Supply Chain

  • Building material prices climb even as lumber prices fall

    Building material prices climb even as lumber prices fall

    Softwood lumber prices continue to fall in 2022, but the drop has yet to offset the price increases from the previous price surges caused by the pandemic supply issues. On top of that, additional building material price increases pushed overall material prices to climb again in August, up nearly 1%. According to the National Association… Read More

  • Inflation impact on construction materials continues

    Inflation impact on construction materials continues

    Building material costs have continued their upward surge, though the pace may be slowing. According to the Bureau of Labor Statistics Producer Price Index (PPI), building material costs are up 12% this June compared to June 2021. This represents a moderating pace of price increases, although material costs have increased 42% since January 2020. Industry… Read More

  • Wait time for new homes increases

    Wait time for new homes increases

    The timeline for new home construction is becoming noticeably longer in many parts of the country. This slowdown comes at a time when new homes are in high demand as the inventory of available homes for sale shrinks to a historic low. Almost two years of supply chain disruptions prompted by the COVID-19 pandemic caused… Read More

  • Building material prices continue roller coaster ride

    Building material prices continue roller coaster ride

    The price of material for new homes continues to spiral up and down as the supply chain remains unstable following the impacts of COVID-19 and the pent-up demand for new housing. Building materials prices increased 15.9% in 2021 and have climbed 18.6% since December 2020, according to the latest Producer Price Index (PPI) report released… Read More

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