As a builder I think I can rationalize why construction cost increased during covid. What I can't understand is why they remain high. No one in my industry can explain it. It's not labour costs, those are essentially the same. If it's greed, who is making the money?
As a builder I think I can rationalize why construction cost increased during covid. What I can't understand is why they remain high. No one in my industry can explain it. It's not labour costs, those are essentially the same. If it's greed, who is making the money?
Good question. My impression is that homebuilding in the US has been quite strong, keeping demand for materials high. https://morehousing.ca/us-homebuilding-boom
An article from a trade publication, getting into some of the details on different materials: https://www.constructiondive.com/news/construction-input-costs-stabilize-august/726935/