How rising costs impact construction – and what to do about them

The pandemic caused construction material shortages and their prices to skyrocket as a result. Despite the recent decrease in softwood lumber price, we expect construction costs to remain high. Here are two videos that highlight what to expect in the coming months.

In the first video, Sebastien Pouliot, Principal Economist at FCC, shares data about the rising prices for construction material.

In this second video, Robert McDonald, Senior Appraiser at FCC, discusses the impacts of rising costs on construction projects and strategies for dealing with them.

For more tools to help you manage your build with confidence, check out this article on starting a construction project.

Article by: Sébastien Pouliot, Principal Economist and Robert McDonald, Senior Appraiser