300%

The Covid-19 pandemic has brought about several intriguing situations for people worldwide. During a recent conversation with a contractor, we were informed that the cost of lumber has skyrocketed by 300% since January, which is less than six months ago. As a result, construction projects that typically utilize wood are surpassing their initial cost estimates by a significant margin. The exorbitant prices have led to a notable shift in the preferred building materials, at least for the time being. Concrete is expected to dominate the market, leading to a brief period of modern brutalist architectural style.