If you're building a new house or doing a renovation project, you know prices for all kinds of building materials are going way up and supplies of it are way down.

"In the last 7 months we've probably had about six price increases sent over to us from different manufacturers for roofing materials," said Chris White with Boak & Sons roofing.

White says a kink in the supply chain has led to price increases on just about everything they work with.

Covid caused work stoppages on a lot of products being made with oil and chemicals.
That, and some natural disasters down south this year have led to a 22% increase in those materials, when usually they average a 1% increase each year.

"There's been a bit of a chemical shortage with the freeze in Texas with all of the chemical plants freezing and breaking their water lines. So anything with a chemical in it is at a premium right now and anything with trucking is at a premium because of delivery shortages," said Mark Ramunno, Home Builders Association.

So if you're looking to put a new roof on your home should you wait if you can? Unfortunately, the experts say they don't see the prices going down any time soon.

"So should I do my roof now or do I wait? We are telling our customers do get on the schedule. Find a good contractor that you can trust get on their schedule and lock in your price now. There is no projected end in this shortage right now. We don't know if it will be over the winter or spring," said White.

Raw material shortages, supply shortages and worker shortages continue to harm the construction industry, all still trying to recover from covid.