The lumber industry has seen a major uptick in pricing during the COVID-19 pandemic. In fact, the National Association of Home Builders reports that lumber costs have increased over 170% since mid-April, to an all-time high in August. A few drivers may be causing the increase:
Increased demand due to people staying home and taking on renovation projects
Decreased supply due to COVID-related mill shutdowns
Imported lumber used in commercial building has seen delays in clearing customs and tariffs, resulting in decreased supply and increased costs
Lumber shortages and higher costs are expected to remain through the end of the year and into early 2021.
While PermaTrak precast concrete materials have huge benefits over traditional wood, including being low maintenance, strong and durable, and safer than alternatives, PermaTrak is also able to pass on pricing stability to our customers during this unprecedented time in the market.
Reach out to us today to discuss your boardwalk project and how PermaTrak may be a fit for you.