5 ms·
I was under the impression that building materials are very expensive right now.
by jtbayly 6y ago
I was under the impression that building materials are very expensive right now.
- lotsofpulp 6y agoYou are correct, metal prices are up 3x and wood at least 2x. Building might be happening due to demand, but not because the materials are cheap. It might be possible that labor in big cities might be cheaper, but I doubt it.
- swsh 6y agoI think you will find that material prices are <20% of the capital cost.
- scurvy 6y agoYep, soft wood prices are up 20-25% right now.
- pbourke 6y agoMoney is cheap now.
- mariojv 6y agoAbsolutely. Check out the price of lumber: https://www.bloomberg.com/news/articles/2020-08-07/timber-touches-record-with-lockdowns-spurring-renovation-revival https://www.bloomberg.com/news/articles/2020-08-07/timber-to...