300%

This Covid-19 pandemic has created quite a few interesting circumstances for everyone. On a call with a contractor earlier today, it was stated to us the price of lumber has gone up 300% since January (less than 6 month). As you can imagine, projects we would typically construct out of wood are blowing way passed their initial estimates. With prices being so obscene, we are seeing a major turn in the construction material of choice (at least temporarily). Concrete will be dominating the market as the go-to building material of choice and I believe it will create a short term era of modern brutalist style architecture.