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  • drywall price increases

    was just informed by my drywall supplier that after Jan 1 the cost of drywall is going up by 35% and metal studs by 10 to 15% depending on gauge. They have already contracted out for all they can store at this time at the old prices so unless you take it today after Jan1 you are getting the increased price.

    Not sure if it is everywhere or just here in St Louis but if you guys have some jobs coming up you might want to check prices before you give out those bids.

  • #2
    Re: drywall price increases

    Originally posted by m beezo View Post
    was just informed by my drywall supplier that after Jan 1 the cost of drywall is going up by 35% and metal studs by 10 to 15% depending on gauge. They have already contracted out for all they can store at this time at the old prices so unless you take it today after Jan1 you are getting the increased price.

    Not sure if it is everywhere or just here in St Louis but if you guys have some jobs coming up you might want to check prices before you give out those bids.
    Beez, I've been told the same thing by my drywall subs. 35% increase Jan 1. I have 6 homes under contract and thankfully they are all cost plus.
    ============================================

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    Houzz

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    • #3
      Re: drywall price increases

      Don't worry, just get more jobs. You can make it up on volume

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      • #4
        Re: drywall price increases

        Yup- hearing the same 35% number here in Atlanta as well. Haven't heard about the metal increase yet, but I wouldn't be surprised- they used to have increases weekly, it seemed, and there hasn't been one in a while.

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        • #5
          Re: drywall price increases

          What is the reason behind 35%? That's a big jump.

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          • #6
            Re: drywall price increases

            what is the reason behind these price hikes? 35% on drywall area is massive

            maybe im a cynic

            is it to maintain their shareholders dividends by passing on the legal costs of the chinese drywall problem to the next generation

            id love there to be legal sanctions against companies and their shareholders to prevent them from passing on their errors to the general public for gross miss management whilst maintaining shareholder profit

            IE ensuring shareholders get physically hit in the pocket for directors missmanagement and "nearing illegal practice"

            may i mention the banks, their gross missmanagement and "the casino banking thinking" with tax payers money to back them up if they failed

            ..... im also a realist and know such legislation will never happen

            too many politicians are bankrolled by such companies

            re edit im also aware of these companies to hide price inreases PLUS mismanagement costs under the guise of "world commodity prices"
            Last edited by Tom Bainbridge; 12-21-2011, 10:22 AM.
            Limey Carpenter

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            • #7
              Re: drywall price increases

              I was told that the drywall prices have been too low for a number of years and they cannot make it up in volume buying anymore. Plus I was told that one or two plants were going down for most of the summer to retool and that means that some drywall will have to travel further to get to the warehouse as well as the raw materials to make the stuff. Final was that everything has gone up and so it is time for a raise.

              Now if I can just get my customers to give me a 35% wage increase.......

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              • #8
                Re: drywall price increases

                Beezo,

                I got emails from my suppliers about 3wks ago informing me of the same thing...I have informed my contractors of this by forwarding it to a few and some just word of mouth.

                As for the price increase, that is up to you..my prices have always pretty much been the same for 15yrs (footage rate) with the exception of detail work situations..I now have changed to figure LF prices for trims/beads....its not free to have trim guys jamb/sill/case windows and bifolds so why should it be for me?

                I don't know about you, but for me my pricing has always been on par with materials..not a 35% increase for labor, but I don't see it being a problem other than not accepting bids, to bid, say, a buck a board more or if your doing it for .25 to go to .30..we at some point have to say enough is enough..if you have contractors that you are exclusive to and they are to you, they will understand..if it is always about the bottom $ then it is time to part ways...they are using you for a reason other than your the lowest bid...you have developed a relationship in some way they call you back for the next job..if they don't understand that costs are increasing then its there problem.

                On a side note, I went to Lowes the other day to get some simple things...asked the salesman at contractor desk if they were having an increase in drywall 1/2012...he looked in computer and said his prices were same till 2/13 and won't know till then...so they either don't know or haven't been told or just sitting on massive supply

                Bainbridge

                To a point you are right...companies that resorted to importing board to make profit should reap the consequences....but that is just how corporate america works...the companies I usually deal with didn't have that issue because they didnt import product

                We had a 3wk period where our suppliers were using some of the imported board...there was some plant shut downs and I don't remember if it was hurricane reasons or tornado, but something spiked demand and they couldn't produce rock fast enough..I have had 3 callbacks for "china rock", I want to say elephant board brand but don't hold me to that.....and I got them resolved under insurance claims...what insurance company did I couldn't say, but I think most of the issues were tropic related do to sulfur

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                • #9
                  Re: drywall price increases

                  How did the price of dry wall go up? Luckily, I just finished a job with a lot of dry wall work and won't be buying anymore for quite some time.
                  Haverford Remodeling

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                  • #10
                    Re: drywall price increases

                    Any Cost Increase that occurs at some point usually Reflexs Back onto Works Pay , and you see whos doing all the Bull Work these times. Otherwise id be working , but no wrong skin color . I almost made it to the End. Lol

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                    • #11
                      Re: drywall price increases

                      OK, so I got all the increase letters and then confirmation from my suppliers that indeed price DID go up January 1 2012. Now, I've just lost business to two companies that have told two long time customers(builders) that the price increase was NOT TRUE and priced jobs below my cost! I've repeatedly checked my numbers, both supply and labor and I appear to be right on. What the hell is going on?

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                      • #12
                        Re: drywall price increases

                        @Koolkat62, you are right on. drywall mfrs. will send out a letter to the suppliers, and even post on their sites stating an increase, then pull back a day or two before the expected increase was set to take place. This happens all the time, so unfortunately people working in the supply houses just assume it's not going to happen, without ever really checking w people buying the material. I was guilty of that as a salesman, I would always acknowledge the increase, then follow up w "it probably won't happen" After getting burned a few times you learn to shut up. Most mfrs and larger suppliers will post the actual letter from the mfr (national, usg, etc) on their site, so contractors know the increase or proposed increase is legit.
                        Chris Cardillo
                        Founder
                        SpecBid.com
                        ccardillo@specbid.com

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