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Business Is Booming for Southeast Contractors Despite Rising Cost of Construction Materials The shortages and rising price of fuel due to the ransomware attack that temporarily halted all of the Colonial Pipeline networks were devastating to many businesses in the American Southeast. But despite the rising costs of construction materials, business is booming for Southeastern contractors. According to Stephen Smith, owner of Geneva Construction in Orlando, Florida, the $250,000 in materials he would have spent to build a home a year ago cost him around $300,000 today. “Plywood is ridiculous,” Smith told The Epoch Times, describing how a 4-foot by 8-foot sheet of three-quarter-inch plywood he paid $25 for two years ago now costs him $72 to $75.

New yorkUnited statesTravelers restSouth carolinaSankt peterburgWest virginiaSean hughesEd tolsonDonald coffmanMichael abneyStephen smithCommerce departmentFlorida office of economicDemographic researchColonial pipelineGeneva construction