Increased demand, price hikes affecting local businesses and consumers | Business

AMORY – Local business owners say relief is in sight from recent supply and demand issues fueling price hikes across multiple industries during the past year. Shortages of certain goods have made it difficult for consumers to either find prices they’re used to paying for certain items or even finding the items at all.

In the lumber industry, a surge of home improvement projects and new home construction during last year’s lockdown led to an increase in demand and subsequent high prices. Jim Cook of Nabors Home Center detailed some of the fluctuations he’s seen in the past year in lumber prices.

“Two-by-four studs that were $8.50 each a few days ago are $7.79 now. At the start of 2020, they were around $3. Prices are coming back, but they’re still not close to what they were,” he recently said.

According to Cook, they recently experienced the biggest decrease in wholesale prices the industry has ever witnessed…

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