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Market on the Move: Increased construction costs cause concern for builders

COLUMBIA- For those trying to remodel or build a new home, it is going to cost you a pretty penny. Builder say if the prices continue to rise how they are, we could be seeing fewer new neighborhoods.  “The market is super crazy. Prices are really high, materials cost is super high, and its hard to get materials,” Nathan Goen, owner of New Beginnings Construction & Remodeling, said. He says the reason that the cost of materials is so high is because of the coronavirus.  Lumber prices are triple what they used to be. Things like fan covers, appliances, its months we are waiting to be delivered,” Tim Paulson, with Emery Sapp & Sons, said.

Here s what you need to know: Friday, May 7

For those trying to remodel or build a new home, it could cost you a pretty penny. “The market is super crazy. Prices are really high, materials cost is super high, and its hard to get materials,” Nathan Goen, owner of New Beginnings Construction & Remodeling, said. He says the reason that the cost of materials is so high is because of the coronavirus.  Lumber prices are triple what they used to be. Things like fan covers, appliances, its months we are waiting to be delivered,” Tim Paulson, with Emery Sapp & Sons, said. More than 200 colleges and universities around the country have announced they will require students and staff to get the COVID-19 vaccine for the fall, but local universities have not made that decision yet. 

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