- June 26, 2021
- Posted by: Stratford Team
- Category: Business
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Reeling from massive cutbacks in volunteers during the COVID-19 pandemic, and grappling with high construction costs, Habitat for Humanity leaders would be the first to admit they’re struggling.
The past year has felt like one punch after the other, they say. First hit: Habitat’s local affiliates had to limit volunteers over virus concerns, forcing them to fork over more money to hire contractors. Second hit: Revenue was dented by temporary closures of ReStores, the reuse stores operated by local Habitat organizations. The third: Construction delays caused by pandemic-induced kinks in the supply chain, which make affiliates wait longer for supplies.
US CHARITABLE GIVING HIT RECORD $471B IN 2020
What could have been the knockout blow was the spike in construction costs. Lumber prices, according to the National Association of Home Builders, increased by more than 300% since April 2020. Demand for new…