As Lumber Prices Hit Record High, Homebuilders Urge Biden To Intervene

ZeroHedge

By Robert Dalheim of Woodworking Network,

«The extreme price increases, as reflected in today’s producer price index report and other sources, are harming contractors on existing projects and making it difficult to bid new work at a profitable level,» said Ken Simonson, the association’s chief economist. «While contractors have kept bids nearly flat until now, project owners and budget officials should anticipate the prospect that contractors will have to pass along their higher costs in upcoming bids». « This could include easing cross-border truck and rail shipments, unloading at ports, hauling of logs and other raw materials to mills and engineered-wood producers, and shipping wood products to distributors and construction sites». Once that happens the clients are lost forever.

«Many of our clients don’t believe us when we explain the cost of plywood and other sheet products.»

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Source: Tyler Durden | ZeroHedge

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