Material Shortages Significant Issue for Construction Contra

Material Shortages Significant Issue for Construction Contractors During Pandemic


Material Shortages Significant Issue for Construction Contractors During Pandemic
According to the U.S. Chamber of Commerce, 71% of commercial construction contractors face at least one material shortage
December 10, 2020
Adobe Stock/auremar
More contractors are facing a shortage of building materials as the pandemic continues, according to new fourth quarter data from the U.S. Chamber of Commerce Commercial Construction Index (Index). This quarter, 41% of contractors say less availability of building products and materials is a severe consequence of the pandemic, up from just 15% saying the same in Q3.
Most (71%) contractors say they face at least one material shortage, up 17 points from 54% in Q3. The most reported material shortage is wood/lumber, which has seen higher demand from a boom in residential construction during the pandemic. Now, 31% of commercial construction contractors report a shortage of lumber, up 20 points from 11% last quarter. Of those contractors experiencing shortages, 89% say it is having a moderate to high level of impact on their business, up from 75% saying so last quarter.

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