Dropping Construction Costs Wausau WI

The current state of the construction industry and slow real estate sales has finally slowed the demand of building materials to the point where prices are dropping. What does this mean for you? Well combine the dropping material costs with slower demand on construction crews and still historically low interest rates and now is a great time to build a new home, remodel and existing one or add that addition you've been putting off for years.

Local Companies

Featherstone Cabinetry and Design
715-3595616
10606 Tesch Lane
Rothschild, WI
C2 Concrete Coatings
715-551-9700
2210 River Forest Lane
Mosinee, WI
Gutter Topper of the Northwoods
(715) 845-5900
Wausau, WI
Total Tool
(715) 848-2703
7110 Packer Dr
Wausau, WI
Tmr Enterprises Llc
(715) 842-3811
1100 West St
Wausau, WI
Viking Electric & Tool Supply
(715) 845-0249
100 E Bridge St
Wausau, WI
Mike's Auto
(715) 842-4676
2525 Grand Ave
Wausau, WI
Northern Exterior Llc
(715) 842-8133
Wausau, WI
Art Shad Seamless Gutters & Downspouts
(715) 235-3144
E4682 430th Ave
Menomonie, WI
Leafguard of Wisconsin Inc
(262) 679-1818
Muskego, WI

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The current state of the construction industry and slow real estate sales has finally slowed the demand of building materials to the point where prices are dropping. Between January 2007 and January 2008, framing lumber fell 15.6 percent, insulation 3.6 percent, and wallboard a whopping 22 percent. Some markets have seen even sharper drops in material costs.

What does this mean for you? Well combine the dropping material costs with slower demand on construction crews and still historically low interest rates and now is a great time to build a new home, remodel and existing one or add that addition you've been putting off for years.

A couple of years ago you would have had a very hard time getting contractors to return your call. Now if you call a contractor he or she is likely to show up at your door step the same day to discuss your project. In addition the slow down in construction has weeded out quite a few of the smaller less established contractors. Contractors are sharpening their pencils and keeping prices very competitive to keep enough work for their crews.

The only fly in the ointment that I see is the ridiculous fuel costs. Those costs will be passed on to the customer which will ultimately offset some of the savings due to lower material costs. Even so it's a great time to build your next project before the market stabilizes and contractors get busy again.

Tags: home improvement, home improvement blog

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Featured Local Company

Featherstone Cabinetry and Design

715-3595616
10606 Tesch Lane
Rothschild, WI

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