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US Housing: Because of the shortage of materials, the construction sites are longer and more expensive

14:25  28 october  2021
14:25  28 october  2021 Source:   20minutes.fr

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for months that the building sector alerts the shortage of materials that it is a victim. But what are we talking about? What is the concrete impact on renovation and construction sites?

Les prix des matières premières pour le bâtiment ont flambé ces derniers mois © iStock / City Press The prices of raw materials for the building have flamed in recent months real estate - here are months that the building sector alerts the shortage of materials that it is a victim. But what are we talking about? What is the concrete impact on renovation and construction sites?

Stop the day in the aftermath an entire economy is not nothing, especially when this forced break lasts several months. Among other economic consequences , the Covid-19 pandemic and the sanitary restrictions that had to be taken took up many sectors of activity and in particular that of the building , causing a soaring prices of materials. first and deadlines to route them. Touching professionals hardly, this crisis inevitably affects individuals.

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Too many requests, not enough offers

several factors contributed to creating this global temporary shortage phenomenon. Of course, the "Stop and Go" policy carried out by many states in 2020 is the first responsible, as Matthieu Burin, co-founder of Hemea, an architectural studio: "Once at a stop, the Big production plants can not restart immediately, "not to mention that the necessary staff was most often unemployed.

Gold, "the economic recovery has been much stronger than expected, particularly in the United States and Asia," continues the works engineer. Logical consequence: a supply break that created a command bottling and resulted in the increase in commodity prices and delivery times.

Increases everywhere

All building materials have been impacted by this phenomenon. Some have even seen their rates explode, as confirmed by the estimates carried out in the second quarter 2021 by Hemea. At the top of the list, the price of the aluminum jumped 61%, against + 57% for steel, + 51% for copper and + 48% for raw wood. The insulating panels for the roof accused 40%, while the plaster won 22%, as well as the tile with + 20%, while the paint displays + 10 to + 15%.

Waters hopes there's no attempt to make deep cuts to housing proposal

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It is necessary to add the elongation of the delivery times. "While it was previously necessary for 3 days to route plaster, we went to 3 weeks today," according to Mohamed Dahrouch, Operational Director of Valoptim, a new ecological housing builder in Île-de-France. Same case for the metal, whose delay has doubled by reaching 6 weeks. Result: It takes more than an extra month to deliver a good.

Addition climbs

but who suffers all these increases? The artisans obviously, but also, by Ricochet, their customers. Job quotes repeat indeed the increase in the cost of materials but also times of realization, which still climb the addition. For example, Hemea assessed that the full renovation of an bathroom of 7 m2, electricity and plumbing included, returned normally to approximately 17,750 euros, against an invoice of 18,940 euros in the current context. Similarly, Mohamed Dahrouch recalls that "the work represents 65% of the total cost of building a building". Valoptim therefore provides for a small price increase for future buyers in trading, knowing that real estate already has beautiful flights since 2020 ...

If the phenomenon is global and real, however, it is necessary to qualify. A recent survey conducted by the Simon-Kucher International Consulting Office with about fifty French managers in the construction sector, reveals that only half of the surveyed industrialists applied a price increase.

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This is interesting!