Pricing and scarce inventory of building materials continues to hinder small contractors and local building companies competing with big brand home improvement stores.
Illinois (PRUnderground) December 22nd, 2020
Covid-19 has created a pricing and inventory frenzy across the USA on building materials. Prices of building materials continue to rise as housing demand increases during the winter months and into 2021.
Home Depot Inc. and Lowe’s Cos., reported sales were up 24% and 30% for the recently ended quarter, as global inventory shortages make it harder for local building companies to compete with big brand home improvement stores.
Contractors are having trouble sourcing building materials locally with some driving over 600 miles across state lines to purchase supplies. With more people working from home (WFH), the housing market booming, and more DIY’ers looking to improve their properties; the demand for home improvement projects continues to put a strain on the