Commodities, Commodities, Commodities.
Maybe the three most important words in your vocabulary, at least if you are considering building a barn these days (or building anything, for that matter).
Commodities affect everything in our daily life, and they are essentially the staples that we all require to live our lives from day to day. Whether it is wood, steel, or concrete to build with or the orange juice and pork bellies on the breakfast table, commodities affect everything. Recently their price is going one way, and that is up.
It is almost unfathomable to think, in today’s economy, that prices could be going up, but such is the way of life. Whether you are Republican or Democrat, it really does not change the fact that the Federal Reserve has pumped billions of dollars into the economy that it simply does not have the backing for. The direct result has been the overall devaluation of the American dollar. That devaluation has the direct effect of taking what used to cost a dollar and making it cost something more. That is the bad news. Now for the worse news, it is just the beginning. Every day I see letters from steel mills and lumber yards indicating coming price escalations. Commodities could easily surge a minimum of 25% to 30% within the coming year.
What can you do? If you are thinking about starting a barn project, or any home improvement project, and have the financing for it, now is the time to consider getting it done. Pricing today will surely be more completive than it will be in a few months.
If you are a homeowner looking for a backyard barn or a boarding facility looking to expand, now is the time to get to work. Budgets are typically pre-set and your project will be at the mercy of how much you have to spend. It makes no sense to cut a highly desired part out of your facility simply because you did not move soon enough and costs simply got too high.
This will not only affect Castlebrook’s prices, but all material costs across the board.
So start thinking about your future needs today and minimize your costs for the future. At a very minimum, buy that extra pound of bacon and freeze it for a future meal. It always tastes better when you realize that you got it for a “deal!”