Expert on Producers Struggling to Absorb Rising Prices

Hiring difficulties and building supply chain issues are still around. Job openings in the United States have hit a record high, including 321,000 vacancies in construction.

A recent report from the National Federation of Independent Business showed that 50 percent of small business owners reported job openings they couldn’t fill. That’s the highest figure in the 48-year history of the series.

Lumber is down more than 60 percent from its May peak. But overall material costs have risen 13 percent on an annual basis so far this year. Materials like steel and aluminum are rising significantly all year.

NTD spoke with Denis Gagnon, CEO of Belt Technologies, about the rising prices.