Best Practices for Addressing Rising Construction Material Costs

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%.

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