Volatility in building materials - A classic supply and demand story
The news, and our podcasts, have been filled with stories about the dramatic rise in lumber prices – until 2 weeks ago when prices fell. Join our Pricing and Purchasing and construction industry experts as they discuss what precipitated the price drop and whether prices will soon drop to pre-pandemic levels. They also turn their attention to the housing market where materials prices, inclusive of lumber, are up 9% but the cost of a new house is up 20%. They unpack what is driving up costs and how the construction market is doing around the globe. It’s a true tale of supply and demand. Deni Koenhemsi, Principal Economist, Pricing and Purchasing, IHS Markit https://experts.ihsmarkit.com/experts/koenhemsi-deni John Anton. Director, Pricing and Purchasing, IHS Markit https://experts.ihsmarkit.com/experts/anton-john Scott Hazelton, Director, Construction, IHS Markit https://experts.ihsmarkit.com/experts/hazelton-scott