Building Materials and Labour Costs: What to Expect in 2022.

Will soaring building material prices lead to a decline in housing starts?

How many contractors who have been asked to do renovation work have been confronted with problems such as delivery delays, lack of supplier stock, transportation delays to the construction site, or low local inventory levels?

The materials most affected by supply problems are windows and doors. So what can we expect next season?

How to explain this surge?

This surge in material prices can be explained by the impact of the pandemic, which has spread to almost every industry. This phenomenon has had repercussions on small and large-scale renovation work.

Whether it's for a small project or a major transformation of your home, the cost of materials and labour has fluctuated enormously in recent months. However, according to the predictions and market analyses conducted by our partner the APCHQ, the next year could turn out to be more restful in terms of site openings

What to expect next season?

How many contractors who have been asked to do renovation work have been confronted with problems such as delivery delays, stock-outs at the supplier's, transportation delays to the construction site, or low local inventory levels.

The materials most affected by supply problems are windows and doors. So what can we expect next season?

In spite of all this and according to the predictions and market analyses conducted by our experts, the next year could prove to be more restful in terms of site openings.

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2022 will continue to be a rich year for the construction industry, far exceeding pre-pandemic and pre-2020 housing starts.

However, the price of materials, which had broken all records during the pandemic, particularly for lumber, but also for gypsum and aluminum, is largely responsible for the slowdown announced by the organizations concerned.

Here is what theAPCHQ on this subject

"The economic climate is changing rapidly. Inflation is creeping up, interest rates are rising, and labor shortages are hitting again in high-demand industries like residential construction and remodeling."

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