I’m going with no by August. We still don’t have material that we needed for the 1st quarter and plenty of our 2nd quarter material is no where in sight.
We have paid ransoms on steel pipe of over $100k just to get material.
One major issue I see coming down the pipe is the back log of housing closings. We are in all 4 major markets and did over 13000 houses of plumbing last year plus another 8000 of HVAC and electrical, so we have a pretty good sample size for the Texas market.
We keep getting grounds released but we aren’t getting top outs builders are starting record number of houses but they are just sitting for weeks or even months depending on the builder at stages they never used to. Build times are getting even longer. For instance KB used to build in 100-110 days consistently but now we have houses that have taken 160-180 days. The time just keeps creeping up.
Also it seems to be a new issue every week that then creates a different material shortage and that in turn causes more delays.