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House Construction Costs Spike Most since 1979 amid Materials Shortages

From wolfstreet.com

Shortages of windows and glazing have been reported for months. A survey of homebuilders, conducted by Burns Real Estate Consulting and released last week, found that 63% of the current construction delays of homebuilders are due to the shortage of windows. Lead times that were normally 2-3 weeks reached 4-15 weeks and for some products extending to 20-45 weeks. Further up the pipeline, there is a glass shortage. When exploding demand that started last year hit labor shortages and material shortages at glass manufacturers, they were unable to run at full capacity and were unable to meet that demand. They started ... (full story)

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  • Category: Fundamental Analysis