2022 Construction Hike at a Glance

2022 Construction Hike at a Glance

According to expert analysis, there have been dramatic increases in prices everywhere. According to a recent index-tracking 15 materials, it was discovered that only prefabricated metal buildings, which are among those in the index that, saw a 1.1 percent decrease in price. 13 among the 15 tracked materials, their prices increased by double-digit in 2022. increases in energy costs, the Russian-Ukraine war, as well as the supply chain interferences have all had a significant impact on the costs of building materials.

According to the calculations mentioned earlier, the following trends were identified as year-over-year differences are concerned.

Ready-mix concrete was up an increase of 7.1 percent year-over-year
Sand, gravel, and crushed stone saw an 8.0 percent year-over-year increase
Clay brick was up 9.3 percent year-over-year
Cement was up 8.25 year-over-year
Paints and coatings were up 20.6 percent year-over-year.
Asphalt was up 36.9 percent year-over-year.
Diesel fuel, which affects all costs, was up 63.8 percent, while gasoline was up 61.5 percent year-over-year.

All these are necessities that affect our clients.

Having been in business for a while, this is not our first time experiencing tough economic times. With every price spike we have experienced since 2021, we have done our best to embrace the increases to our best without passing them on to our esteemed customers. We do this to secure our clientele’s business because they matter to us, and their success is our success. When our partners delay increasing our prices, it has, in turn, made the difference between some of our customers closing down their businesses and buying them some essential time until they collect delayed payments or sign new contracts. It is clear that we will be facing hard times in the near future. But this is a non-issue since we are the masters of our trade.

In every challenge we have faced, we have still managed to establish new heights and dramatically turn the slopes of the curve vertical. Thank you for choosing Gainesville Concrete. We wish you all the best in business!