Why not take advantage of burgeoning construction and asphalt costs? Here’s what you can do.
If you, like me, planned to pour a driveway this year, you might want to rethink your plans. Asphalt and concrete prices continue to skyrocket, which means you’ll pay more for pavement and parking lot repair. Some road projects have ground to a halt and have led many homeowners to seek other ways to maintain the condition of their driveways to prevent major replacement costs.
In addition to that, construction prices have seen drastic changes in overall building material prices. The latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics shows the newest data. Soaring lumber prices, which have tripled over the past 12 months, have caused the price of an average new single-family home to increase by almost $36,000, according to the NAHB Economics team.
We’ll help you think about ideas for investing in new home construction — investing in the stocks of these companies might be a bigger win than adding an addition to your home. Read More