Why the war in Ukraine will see the cost of building a new home rise

LBM Daily News
International

Builder Sonny Fulton has had a tough 18 months.Despite being in the middle of a building boom and working harder than ever before, his Rockhampton business is losing money.”This is a profitless boom,” he said.The cost of building a new home rose by 20 per cent in 2021 due to material shortages, disrupted supply chains and…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Lumber futures are down 62% amid a ‘Great Reset’—here’s when DIYers can expect the best deals
NAHB: 1.1 million single-family starts in 2021
Green Building Forecast to Double Globally
Slower mid-summer activity brings flat lumber prices in North America
Inflation Reduction Act extends ‘pass-through’ tax break limits for 2 more years. Here’s what that means for entrepreneurs