Supply chain problems are an issue across industry lines since the COVID-19 pandemic hit the globe just two years ago. Since the initial toilet paper shortage of 2020, it seems nearly every product has experienced shortages of its own hitting consumers and manufacturers almost everywhere. Unfortunately, supply chain issues in construction are just as common as they are everywhere else. In construction, though, not only are professionals dealing with the short supply of building materials, but also price strikes that have changed almost everything. Add that to a shortage of skilled labor professionals, and many home builders have been facing an uphill climb.
Why Supply Chain Issues Continue to Be a Problem in Construction
The supply shortages in the construction industry stem from many of the same problems facing other industries. A number of supply chain Issues in construction have occurred. Not only have factories suffered from shutdowns and labor issues across the globe, but port congestion in Asia and the United States have also been a problem. More than that, though, extreme weather conditions have shuttered some factories, interrupting production, again and again, making it tough for contractors to secure what they need to move forward on a job site.
Overcoming the Problem
Fortunately, many contractors are working to become more flexible with the way they do business to help eliminate project delays. Given that the time it takes to acquire materials is so much longer, many contractors work to order the required supplies with plenty of lead time to help ensure they won’t experience those delays. Often that means additional collaboration and selecting different materials where it’s possible to help complete a project on time.
A Detailed Home Construction Timeline In the Face of Supply Chain Issues in Construction
If you’re thinking of having a custom home created for you, the single best thing you can do at the outset is talk with your builder to better understand what the construction timeline looks like today. Just a few years ago, you could have a new build complete and ready for closing in 90 days. Those timelines, though, are no longer possible. Instead, today, you may be looking at a timeline closer to six to nine months to accommodate the delays that are almost inherent in the delivery of materials.
If you’re in the midst of a new build, the best thing you can do is to stay flexible and continue to communicate with everyone involved. From getting regular updates from your construction team to communicating continually with your lender so they know what’s happening on the job site, the best thing you can do to get a better picture of the timeline for your specific project is to stay in the loop as much as possible.
While detailed home building timelines were once pretty easy to estimate, that’s just not the case these days due to some supply chain issues in construction, and continually remaining in communication with everyone can help you stay on the right page.
If you are looking to start a new build, or are looking to buy a newly built home, then contact us today!
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