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The Construction Industry’s Rocky Road to Recovery

October 27, 2021


We’re a little over a year and a half into the COVID-19 pandemic and the construction industry, like many other industries, is maneuvering several obstacles on its road to recovery. I think it’s important that we take time to understand what this means in the immediate and for the long-term.

First and foremost, surging material prices and supply chain issues are wreaking havoc on construction firms. Almost across the board, the cost of construction materials is well above where they were a year ago. An exception is softwood lumber. This is lower than it was a year ago. Interestingly, however, is that just a few months ago materials were up over 150%.

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