Home Improvement Price Increases

Home Improvement Price Increases Begin

Everybody feels the pain of price hikes on fuel at the pump.

But increasing energy prices are also driving up the cost of construction and home-improvement projects, and not just because it's getting more expensive to transport products and materials.

Both petroleum and natural gas are used in manufacturing a wide range of construction materials. As a result, whether you're buying new floor covering, windows, roofing materials, asphalt pipes, lumber or just about anything else, the higher prices are having an effect.

In front of McCrorie Carpet One at Rhody Drive and Irondale Road in Port Hadlock, a sign warns prospective customers to "beat the price increase" by buying before an anticipated jump in the price of carpet and flooring products that are made from petroleum byproducts.

Store manager Mark Best said his company anticipates wholesale price increases of as much as 12 percent in the next few months.

"This is just the first wave of price increases," he said. "We don't know what's going to happen."

With lumber, prices have risen as the result of concern over availability as Gulf Coast communities prepare to rebuild following the recent hurricanes.

--More on Home Improvement Prices--

Posted on November 03, 2005 18:11 | Home Improvement News
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Home Improvement Price Increases

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