Lumber isn’t the only thing causing problems….. Enter Appliances

A recent survey of national multi-family developers and general contractors has demonstrated that appliances not only are causing lead time delays but modest price increases since pre-corona levels.

Appliance Driven Inc’s President, Joel Kapnick, based in New York has stated “I am literally putting orders in and watching those items disappear in front of my eyes before completing our orders”. Inventory is moving and supply chains are having production and coronavirus related issues as it is.

Just this week we received the press release from GE’s Appliance division stating the opening of its new $80,000,000.00 dishwasher facility located in its Kentucky “Appliance Park” to help with demand and it all around strategy.

General Contractors and developers can expect to see wholesale price increases on appliances across the board that are 30% higher then QTR 2 2020. Order delays and lead-times have been hectic at the least. With the current backlog we are seeing in multi-family and residential expect serious lead-times to increase as we enter QTR’s 1 & 2 of 2020. As the winter progresses and be prepared for up to 4 months and possibly longer.