Raw materials become expensive to push up the price of U.S. building materials merchants increase prices to pass on to customers

From lumber and copper to bricks, raw materials used to build homes have risen in price, forcing U.S. builders and manufacturers to raise prices and pass on the elevated costs to customers.

Wood is one of the biggest costs of building houses except for land and labor, and now the price is more than twice the price of previous years at this Time; Crude Oil, the source of producing paint, gutters, roofing tiles and flooring materials, has surged more than 80% since last October; copper used for plumbing in houses has increased by more than 30% compared to last fall.

With the price of raw materials soaring, building materials manufacturers such as U.S. paint and coatings maker Xuan Wei (Sherwin-Williams), flooring products manufacturer Mohawk Industries, as well as construction companies such as Horton Corporation (D.R. Horton) and Hovnanian Enterprises, have raised prices to pass on the higher costs to customers.

The Wall Street Journal pointed out that mortgage rates fell to historic lows, the U.S. federal government to stimulate the economy taps, and investors to chase income into the rental market, is leading the housing construction boom, building materials prices rose sharply.

In the United States last April people began to visit the sample homes, or flock to Home Depot (Home Depot) to buy repair materials, the building materials supply chain seems to be caught off guard. Sawmills and factories, like many other industries, were shut down in the early days of the blockade, oil well production operations were halted, and refineries were idled. A series of hurricanes hitting petrochemical industry facilities in the Gulf of Mexico caused the price of polyvinyl chloride (PVC), used in the production of drainage pipes and exterior siding, to soar to new highs.

CanWel Building Materials Group, which distributes building materials in Canada and the U.S. West, said it has received a large number of orders for rot-resistant lumber, enough to keep its own lumber processing plant at full capacity until the end of the year. “It’s all sold out, and we can’t take additional orders this year,” said Executive Director Duman.