Rising cement prices have recently become a major headache for builders, who have experienced soaring prices for lumber, steel and other building materials.
"So far, people who buy houses have not complained because the cement crisis has not caused a crisis in the construction industry." Eaton said. But after June 1, even if they do not notice delays in the completion of housing construction, they will feel it from their own consumption. The price of
cement is expected to increase by 10%, and from last year, the price of cement has increased by $20 per ton. A $150,000 house with about 90 yards of concrete adds about $1,000 to $1,200 to the cost, assuming the house is finished. "There are also a lot of construction and trade works that are stopped." Eaton said. The supply of
cement is 20% lower than last year, and the shortage of cement is expected to exceed 40% due to the rapid development of residential construction in Hernando. The crisis has become more acute
as China has expanded its cement production to account for nearly half of the world's output. The US market will also be affected, because of the rapid growth of global demand, building materials, such as steel, cement and so on, must be imported at a higher price. "We are now in a global market where supply and demand are dictated," West said. "Unfortunately, we are in a state of shortage.". Builders in Hernando were expecting "a two-to-three year boom," but that optimism has turned into a disaster,
West said. But he believes the supply of cement will improve in six months to a year. "I think it's going to get better, but there are still some areas that are tight for builders."
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