Building Costs in 2025: How Prices Have Skyrocketed Since 2020!
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- Опубликовано: 10 фев 2025
- Building Costs in 2025: How Prices Have Skyrocketed Since 2020!
Are you wondering how much building material prices have changed over the last four years? In this video, we compare the cost of materials from 2020 to 2025 and break down the shocking 35% increase across the board. While lumber prices have been on a rollercoaster, other essential materials like siding, roofing, drywall, and other materials have steadily climbed. If you're in construction or planning a project, you won’t want to miss this!
📈 Key Topics Covered:
✅ Lumber price volatility over the years
✅ How the lumber trend is a poor predictor of the overall build cost
✅ Real examples of 2020 vs. 2024 material prices
✅ The bottom line, how this actually affects you
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What are your thoughts? Will we be seeing build costs start to trend back down?
No, it won't. If it did, few would have enough money to take advantage (because liquidity is very likely decreasing with deflation). The US government and just about every government plans to spend their way out of debt which means more oppressive inflation for us. DOGE is a drop in the ocean.
@@ProctorSilexI tend to agree, some materials fluctuate and correct, but overall, we keep seeing prices trend upward...
Regarding that 35% materials increase at the end:
My income sure has not increased that much in five years.
Right!? I was reading an article somewhere, don't have the source, but it said that the baby boomer generation had to save roughly 2 years to have enough for a down payment on their first home. And today's gen x (or whatever it is now) will have to save for 7 or 8 years to come up with the down payment for their first home. Depressing numbers there!!