Alberta home builders brace for drop as big as 90% as pandemic drags on: CMHC “You’ve got buyers who care more about just getting product than they do about the price,” he said in an interview.“The companies have purchase orders sitting on the desk and it’s like, when you get product, send it to us, and just tell us what we owe you.
Buyers don’t care.“Right now, it’s an absolute panic, a scramble to get product.”The run-up over the past several weeks has demolished the previous North American record high of US$650 set in mid-2018, he said, adding prices for other building products are rising just as quickly.Homebuilders say increases this year to date will translate into $8,000 to $10,000 more to build a typical single-family house in.