Material Price Escalation

The construction industry is working diligently to manage supply chain challenges. The following trends were documented in the Corelogic Q4 Quarterly Construction Insights report:

• The cost of lumber has increased by 34%.
• The average annual cost increase for U.S. commercial building materials was 9.6%.
• Contractors reported material shortages of lumber, steel, and electrical products.
• Increasing labor costs across all occupations with roofers leading the charge at almost 6%.

We've assembled a panel of experts from insurance, law, bonding, and in-the-field construction to discuss the challenges the industry is facing due to rising material prices and supply shortages.

With over 75 years of helping construction clients control their total cost of risk, we know that the best way to serve our clients is through specialization. With that in mind, we have a group of consultants dedicated to the construction industry and play an active role in industry associations. This allows us to stay abreast of the current industry trends that affect you.

This webinar is hosted by:

With over 75 years of helping construction clients control their total cost of risk, we know that the best way to serve our clients is through specialization. With that in mind, we have a group of consultants dedicated to the construction industry and play an active role in industry associations. This allows us to stay abreast of the current industry trends that affect you.

Husch Blackwell’s Construction Academy is a comprehensive, industry-based knowledge center to foster learning, create interactions and build value for its participants.  For more information about Husch Blackwell’s Academy click here.