EVANSVILLE, IN (WFIE) –
A consumer alert that’s hitting the Tri-State.
The cost of building a home is going up, and we have Irma, Harvey and Maria to thank for that.
Recent hurricanes and wildfires around the country are making it harder for those wanting to build or renovate.
Jeff Head with Head’s construction said this is crunch time for them.
Right before the holidays hit, they have a lot of projects going on, but because of the hurricanes and wildfires we’ve seen in the past several months, the cost of some of the most popular building materials are going up.
It’s an issue of supply and demand.
“Three weeks ago we had a room full of OSB,” said Jeff Head, owner of Head’s construction.
But now, these flake boards harder to come by and more pricey.
Specifically, what Head mentioned, OSB, which stands for oriented strand board. It’s used a lot in home building and remodeling.
“I have seen it from go up to 17 to 18 dollars a sheet, all the way down to 5 or 6 dollars a sheet so O-S-B is one of those building products that will fluctuate,” said Head.
Typically, Head says a 4×8 sheet is $12, but right now, it’s about 1$7.
And think about this, there are 64 sheets in a bundle. and a whole bundle is usually used for the roof deck alone.
That adds up pretty fast.
As the owner of a local construction company, they’ve tried to prepare.
“We went ahead and bought some bundles of the price we’re accustomed to pay,” said Head. “Actually because you bid these jobs, you bid the jobs and then you have your price figured in and then when you have these natural disasters and the price is going up.”
And it’s difficult to know when it’ll go back down.
“Next year could be a whole different year. We may have blizzards and storms this winter that could affect building materials. we don’t know.,” said Head.
Head said if you’ve already received a bid from his company, it will not change.
But for those looking to build or renovate now, expect the price to be higher than you might expect.
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