Commodities Pricing
So, Why Is All of This Happening?
In the real estate world, commodity pricing is a hot conversation. There was a point this year that dimension lumber was up about 300%, with a bright spot that it’s…
Commodities Pricing
The World We Live In: Steel Pricing Update
This may not be the sexiest post, but I think it’s one that is close to all of our wallets. We have been working toward getting a really cool adaptive…
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Lumber Spikes Again, But We’re Still in the Game
While the CPI has risen about 5% over the last 12 months–the highest increase in decades–the 30-year T bills are hovering just north of 2%. One has to wonder why…
Commodities Pricing
Futures for Steel and Lumber
This week was my first trip on a commercial flight in 15 months, and it sure did feel good. I traveled to Denver to meet up with my FMI peer…
Commodities Pricing
10,000 Foot View
As the wild ride of 2020 comes to a close, I’m hearing a lot of talk about what the economy might look like next year. I don’t have a crystal…
Commodities Pricing
Finish Strong
We are seeing cost increases across all platforms, although they seem to be tapering off compared to the 5 1/2% increases we saw last year. This contrasts the pressure of…
Commodities Pricing
Travelers
From time to time, I am asked how we manage to build projects in multiple states, often a long way from here, and how we have been consistent for 35 years….
Commodities Pricing
Don’t Shoot the Messenger
A couple of our customers have asked about the impacts the new steel tariffs might have on construction cost. There will now be a 25% tax on imported steel and…
Commodities Pricing
The Bigger Picture.
In our business, there are times when the tendency is to quantify by the unit. “Price per square foot” is used to measure all kinds of things, from the average…
Commodities Pricing
Wood Framing Construction Topping Out Higher?
Your average apartment building might be changing. I’m referring to multi-family buildings that are taller than garden-style, but not so tall as a high rise–generally five stories or 75’ in…