The NAHB’s Eye on Housing says the prices of goods used in residential construction (excluding energy) rose 1.6% in February, according to data from the Bureau of Labor Statistics. Their data show that building materials prices increased 20.4%, year-over-year, and have risen 31.3% since January 2020.

Building materials have seen a price increase in the past year, and this is likely to continue into the near future. This is due to inflation, which has been on the rise in recent years. While this may be frustrating for homeowners and builders, it is likely to continue for the foreseeable future.

There are a few ways to combat the increasing prices of building materials. The first is to shop around for the best deals. There are many suppliers of building materials, and prices can vary greatly. It is important to compare prices before making a purchase.

The second way to combat rising prices is to use alternative materials. There are many building materials that are becoming more popular as the price of traditional materials rises. For example, bamboo is a popular alternative to wood. Bamboo is strong and durable, and it grows quickly, making it a sustainable choice.

The third way to combat rising prices is to use recycled materials. There are many building materials that can be recycled, including metal, plastic, and glass. Recycled building materials are often cheaper than traditional building materials, and they are better for the environment.

In conclusion, building materials are seeing an increase in price due to inflation. While this may be frustrating, there are ways to combat the issue. By shopping around for the best deals, using alternative materials, or using recycled materials, homeowners and builders can save money and help the environment.
Do you agree or have a different opinion? Let me know!

If you have any questions, feel free to reach out directly!

Until then ~AIM HIGH!
Bud Evans, USAF Maj (ret)