When Inventory Becomes Important
During the last year, the number one comment that I get when I have told people that we are building a house has been, "Ohh I bet that is expensive right now." As most people are aware the price of everything has gone up in the 11 months. We have seen the price of a 2x4x8 stud go from $1.12 last year in July to $3.54 as of the time moment that I am writing this post. Residential Wire has gone from $.7 per foot to $1.8. I could go on and on about the increase of cost of construction materials doubling or tripling. Almost worst that pricing is availability. Every time we go to the hardware store it is amazing to see the common items that are either out of stock or have a purchasing limit on them. I had to wait almost 4 months to get a 70 amp breaker for our incoming panel. This has not been the year to build a house.
Now that being said, I can honestly say that for all those complaints in the last paragraph we have been unaffected by most of them. Yes, lumber prices have tripled, but we somehow managed to get all of our lumber on-site before the price increases started. I had to wait to get a breaker, but just because I forgot to order it when I ordered 95% of the other electrical material. You could call it good planning or luck (we have been calling it a blessing) but through this entire project, we have been about 4 weeks ahead of the price increases and material shortages. Erin, as our general contractor, has had material on-site ahead of the trend for this entire project and with the completion of the carpet going into our house this week we can officially say that everything (that we can think of) has been purchased and is on-site for the house.
That being said I probably owe my wife an apology for the number of times I have complained during the last year. It seems like every time we go to do anything I have to move doors, or cabinets, or insert any heavy object here out of the way first. However, the fact that I had to move it means it is there. Since it is already there we are not out paying 3 times the price that it would have been when she bought it. Or worse not being able to finish this several hundred thousand dollar project because we don't have something like doorknobs to keep our exterior doors from blowing open.
It is better to have something and not need it than to need something and not have it. Now I know that we will eventually (theoretically) need all the things that are in the house I feel better about having them when we didn't need them. Prices are starting to come back down but you never know what they will do. Sometimes having something when you don't need it can save you a lot of trouble in the long run.
I hope this post has found you in good health and of a sound mind. Life has been pretty hectic so it has been a few weeks but I am hoping to get a post up again next week. Until then I am just another confused father wondering...
How I managed to find time to write this.