Shortages Expected to Impact Naples Real Estate Market Dramatically
As diesel fuel, roofing shingles, insulation, PVC piping and concrete become scarce, Naples real estate developers and builders are preparing for the price increases and shortages that will take place over the next six months to a year as rebuilding starts along the Gulf Coast, and materials are diverted to Katrina ravaged areas.
In order to deal with this impending crisis, Naples real estate builders have begun stockpiling “drywall and roofing materials, even if they won’t need those for weeks or months. Meanwhile contractors are worried about a rumor that lumber prices are expected to increase 10 to 16 percent and the potential “shortage of qualified laborers once the gulf coast rebuilding begins in earnest.”
Ultimately, those absorbing the increase in costs will be Naples real estate buyers. Plus, Naples real estate construction is expected to slow, dramatically impacting buyers awaiting homes and the residential market.
In order to deal with this impending crisis, Naples real estate builders have begun stockpiling “drywall and roofing materials, even if they won’t need those for weeks or months. Meanwhile contractors are worried about a rumor that lumber prices are expected to increase 10 to 16 percent and the potential “shortage of qualified laborers once the gulf coast rebuilding begins in earnest.”
Ultimately, those absorbing the increase in costs will be Naples real estate buyers. Plus, Naples real estate construction is expected to slow, dramatically impacting buyers awaiting homes and the residential market.
