The last year has been a real-time test in adaptability. The pandemic quickly impacted every aspect of life and industry. Construction is no exception. The market became volatile due to increasing material costs, labor challenges, supply chain disruptions, manufacturing shutdowns, and general uncertainty. And so we adapt!
At Hutton, we’ve always kept a close eye on market trends. It’s more critical now, as lumber and steel prices increase (some lumber products as much as 228%) and lead times lengthen. Clients have more questions than ever about the market and project timing.
That’s why we’ve put our quarterly data into a succinct data sheet that we share and discuss with our clients. General summaries are broken down into specific material costs such as lumber, plastic pipe, and prefab metal. We share data-driven insights relevant to their project. We discuss the individual components, cost, lead time, and alternatives – then make recommendations for their building and schedule. Clients can make informed decisions that maximize their investment long before construction begins.
If you’re interested in seeing how recent construction market trends may impact your next construction project, fill out this form to download our report.