When it comes to inflation, supply chain management and rising materials prices in the construction industry, many agree that the repercussions of what has been seen over the past two years could be long-lasting, reports Fixr, according to a survey of 100 construction firms in September.
One anonymous construction worker told Fixr, "I will probably go out of business because I can't raise my prices, accordingly."
Don Adams, general manager of Regional Foundation Repair, predicts that, "It is foreseen that in 2022 lumber prices will drop again to pre-pandemic levels, but until then contractors will not have the work they need to keep their businesses afloat."
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