Homeowners and commercial builders in Brooklyn, NY faced a new challenge in 2020: construction material shortage. Wildfires reduced the lumber supply, the pandemic further slowed production, and an increase in demand due to a rise in home remodeling projects all combined to create this construction material shortage.
As we move deeper into 2021, the question on everyone’s minds is: will there continue to be a construction material shortage in 2021 in Brooklyn, NY? Experts say all signs point to yes. It’s likely this shortage and the associated rise in costs will not go away anytime soon.
Contractors in need of materials
The U.S. Chamber of Commerce Commercial Construction Index reports that 71 percent of contractors are currently facing a shortage in at least one type of material. The most common shortage cited by contractors is lumber, although shortages in steel, electrical supplies and lighting supplies are also cited.
Homeowners in need of supplies
As home-bound homeowners continue to turn to remodeling projects with funds typically spent on vacations and other outings, the demand for materials remains high. Until the effects of the pandemic lessen or cease, and homeowner funds and efforts are diverted elsewhere, it is likely that the construction material shortage in Brooklyn, NY will continue.
Production in need of recovery
During the pandemic, many mills and other facilities were shut down or functioned with limited capacities. This, combined with the reduction in supplies due to the wildfires, drastically reduced the production of construction materials in 2020. With the demand for materials so high, it will take a while to recover from this shortage. As a result, we should not expect the construction materials shortage to end right away. It will take some time for the industry to catch up to demand, so it is likely that there will continue to be a construction materials shortage in 2021 in Brooklyn, NY.
A few stats
Just how severe is the construction material shortage? This shortage is affecting every aspect of the construction industry. Consider the following statistics from the U.S. Chamber of Commerce Commercial Construction Index that offer insight into the challenges that contractors are facing due to the pandemic:
- 41 percent report that COVID-19 has resulted in severe material shortages
- 68 percent expect delays in Q2 of 2021
- 58 percent are submitting higher project bids
- 83 percent are experiencing delays with products
- 71 percent are struggling to stay on project schedules
- 39 percent are turning down opportunities for work
- 53 percent report delays and project shutdowns as a major concern
Partner with the pros
In the midst of construction material shortages and industry challenges, the experts at Luisi Building Materials Company, Inc. are here to help. Our family-owned business has been serving customers in Brooklyn, NY since 1959. We specialize in a wide range of materials to provide the best solutions for your next project, and our in-house fabricator allows for custom designs to be provided with a quick turnaround. Contact our professional team today to discover how we can make your remodeling dreams a reality. Reach us at 718-232-5757 to learn more.
Categorised in: Building Supply
This post was written by Writer