Rising lumber, materials costs lead claims professionals to tweak their approach

The Daily Buzz

With the inflation rate at a 30-year high, specialists handling home reconstruction claims are making adjustments that reflect surging prices for construction components – including lumber, finishing materials and appliances. What started as supply chain problems, some of which were felt prior to COVID-19, is now settling into a long-term, entrenched inflationary cycle. “The problem…

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

Articles You May Like

Limited Time 15% Promo!
Rising Interest Rates, Construction Costs Keep Growth Muted
Silicon Valley Bank Collapse Incites Construction Loan Chaos in California
US Annual Rent Growth Slows to Nearly Two-Year Low in January, CoreLogic Reports
Homebuilding Stock Gains 25%; Housing Market Remains Robust
The Mass. housing market is still brutal. But there’s a glimmer of good news.