NEW HANOVER COUNTY, NC (WWAY) – The cost of lumber and other building materials is on the rise and is having a major impact on home construction.
Homebuilding across Cape Fear and across the country are being hit hard by rising costs of building materials.
With demand for new homes remaining high, home construction companies must pass these increased costs on to homebuyers, who in turn could face higher tax bills due to the increased value of their homes.
“The consumers themselves obviously have to come in and watch these price increases if they have a contract with a builder, it could be today or 6 months ago, then you have a price increase, and of course the consumer will have to pay these additional prices, ”said Cameron Moore, general manager of the Wilmington-Cape Fear Home Builders Association.
Lumber isn’t the only material that builders struggle to buy, they also struggle to find windows and doors to buy.
This has an impact on the construction schedule of many houses. Windows typically takes 4-6 weeks for an average release, now it’s more than double.
“They’re now between 16-18 weeks, and now I mean 20-22 weeks, just to keep the house mostly dry and secure, which is a big deal. Windows and doors are a very necessary critical path to take the next step in the construction process ”,
Dave Spetrino, owner of PBC Design and Build, said that initially there were no concerns about the price increases.
“When it started going up, well, it only hit the actual price in 2017-18, because it had been so artificially low. When it started to expand beyond the things we had seen in the past you start to get a little anxious, you get a little nervous, you start asking more questions, ”said Dave Spetrino, owner of PBC Design and Build.
Spetrino said his company is now purchasing materials in hopes of planning future projects in the months to come, trying to fight further material price inflation. They also warn customers that there may be delays in home construction deadlines.
“Let’s kind of go back and figure out when is the right time for you. You know, instead of moving in June 2022, September 2022 is it a business killer, and if it doesn’t, this little breath allows us to take a little more time in the design, to be a little more thoughtful and efficient in the way we select materials, but also solve problems while waiting for some of the supply chain problems to resolve themselves, ”Spetrino said.
The Wilmington-Cape Fear Home Builders Association says the price of materials is going up every week. There has been a 300% increase in lumber packaging prices alone since September of last year.