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From home improvement to home building, shortages causing major delays — and cancellations — for builders and contractors | Business Observer

Key. Companies seek new partners, look for other solutions. “Prices are going up. They’ve tripled,” he says. “When we price out a job, it’s a lot higher and that’s because of the materials. Not the labor.” What Simón sees is exactly the same thing contractors, builders and manufacturers across Florida and the country are seeing. Prices for materials, particularly lumber, have been continually rising while simultaneously becoming scarce. That s led to a perfect storm of obstacles that, in turn, has led to high anxiety among builders and contractors. The fear? Continually rising prices and material and labor shortages will crater their industry, just as they are counting on an economic rebound.

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