Do you think the supply chain pricing volatility

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Reference no: EM133962192

Question

Throughout the course of history construction has relied on material, and labor. However, in today's industry we are experiencing labor and material shortages, which has affected almost all construction projects. According to the national association of home builders & the Wells Fargo housing market index rose to 83 points. There is a serious demand for new homes with a low inventory. The supply chain issues are only adding to this problem. Many builders are changing the way in which they create the construction contract. They are now pushing home buyers to buy out the appliances package early in the process. Historically, they may have waited to select finishes and appliances until later in the project. The supply chain has pushed appliances out 6-8 months, which has ultimately put the emphasis on selecting them first. Additionally, the contract pricing is not locked in since the market has fluctuated so much. Here are some questions:

1. Do you think the supply chain pricing volatility will change how construction contracts are written from now on?

2. When do you think the supply chain will be able to keep up with the demand of new home construction?

3. Do you feel as though the supply chain and labor shortages have created a less quality product or home?

Reference no: EM133962192

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