As a contractor, staying ahead of cost changes is key to managing projects effectively. Recently, Foundation Building Materials (FBM) announced price increases across several product categories, which will take effect on February 1, 2025. These changes are driven by manufacturer adjustments, and I want to share the details so you can plan accordingly.
Here’s a breakdown of the upcoming price increases:
Product Category | Increase Amount | Effective Date |
Wallboard | 20% | Feb 1, 2025 |
Metal Framing | 10% | Feb 1, 2025 |
Fiberglass Insulation | 6% | Feb 1, 2025 |
Interior Finishing Products | 10% - 20% | Feb 1, 2025 |
Plaster Products | 10% | Feb 1, 2025 |
Tools & Accessories | 5% - 10% | Feb 1, 2025 |
Acoustical Ceiling Products | 5% - 10% | Feb 1, 2025 |
For more detailed information, FBM has provided a resource that outlines these adjustments, which you can access here.
Price changes like these reinforce the importance of planning and budgeting in our industry. While these increases may impact material costs, it’s crucial to stay informed and adjust project strategies as needed.
Let’s tackle 2025 with preparation and persistence, ensuring our clients receive the quality and excellence they expect from us.
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