They say a recession is coming, or maybe it’s already here to some extent. These interest rate increases are certainly a burden but necessary to curb inflation. Sometimes it feels like large companies have capitalized on this inflationary period by implementing increases that are not really necessary. They all seem to be making record profits. I hope we experience a “soft landing,” less than a recession.
In these challenging economic times, the cost of goods, materials and services has skyrocketed due to these inflation pressures. Here at Craft-Bilt, aluminum prices increased by approximately 60% from January 2021 to January 2022. Fortunately, aluminum prices have ebbed slightly since September. Of course, we continue to deal with increases in many raw materials like glass and PVC.
Many great companies, like Craft-Bilt, might experience less-than-ideal sales. The answer for many will be to aggressively promote their products by pricing them more attractively to fight harder for those limited disposable dollars. Contractors and manufacturers may compete for your renovation dollars, which may be the perfect storm for deals on materials and installation services. If you were considering adding to or improving your home, this could make it a great opportunity to make it more functional and increase its value.
If you look around, I’m sure you will find some great home improvement deals on kitchens, bathrooms, renovations etc. Here at Craft-Bilt, we are gearing up for an exciting 2023 season with very attractive pricing on our amazing aluminum materials, including decking, railing, sunrooms, patio covers and shade products. Check out our current promotions. You will be pleasantly surprised at how hard we work to earn your business.