We have experienced a significant spike in material prices in the past few months. Sheet goods like OSB (Oriented Strand Board) which we use for sub flooring, roof sheathing and some wall sheathing, has more than doubled in price. Metal roofing has also jumped 15 to 20%. We are hearing that the earthquake Chile is responsible for the increase in material prices. Lumber is a commodity, whenever there is a large demand somewhere in the world, the prices go up.
We haven’t had a price increase in over three years and have seen our materials creep up over that time. Unfortunately, we are being forced to increase our prices 5% just to offset the increase in material costs.
This is never an announcement we like to make because many people have already budgeted for their home or cabin and 5% can push them over the budgeted amount. I anticipate the increase will take place June first unless we have a dramatic lowering of material prices in that time.
When you come to the end of your rope, tie a knot and hang on. ~Franklin D. Roosevelt