Best Practices for Addressing Rising Construction Material Costs
By EsqSocial Corporation 29/04/21
Due to reduced production during the COVID-19 pandemic, increased housing demand and climate events such as the Texas freeze and subsequent utility crisis, construction material costs have increased dramatically over the past year. According to Cummings, a nationally recognized consulting firm, lumber and plywood prices have risen 56% in the last year, copper and brass over 30%, steel over 10% and precast concrete over 4%. In March, The Wall Street Journal noted that crude oil, “a starting point...
By: Gould & Ratner LLP