The Highs and Lows: Volatile Construction Material Prices
The COVID-19 pandemic has hit the construction industry with many curveballs, from shortages in skilled labor to new PPE requirements. A more covert obstacle contractors face is the rising cost of construction material. Since the pandemic, the industry has seen a continuous rise in prices that affect all trades, from framing to painting. The lumber industry, specifically its construction-grade lumber market has experienced historical price spikes. According to the Framing Lum