NewsroomJuly 2021Short Supply, Tall OrderNewsroom Archives 2024 MarchFebruary 2023 DecemberOctoberSeptemberJanuary 2022 DecemberNovemberOctoberAugustJulyJuneMayAprilMarchFebruaryJanuary 2021 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruary 2020 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary 2019 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilFebruaryJanuary 2018 DecemberNovemberOctoberAugustJulyJuneMayAprilFebruaryJanuary 2017 NovemberOctoberSeptemberAugustJulyJuneMayAprilJanuary 2016 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary 2015 DecemberSeptemberJulyJuneAprilMarchFebruaryJanuary 2014 DecemberSeptemberMarch 2013 DecemberAugustJulyMarch Friday July 16, 2021 Short Supply, Tall Order From Pittsburgh Business Times: DEVELOPERS AND BUILDERS ARE DEALING WITH OFTEN “INSANE” PRICE INCREASES ALONG WITH DELAYS AND SUPPLY CHAIN ISSUES. If there’s any doubt about how concerns over the issue of inflation are influencing construction and development in the region, just listen to a local executive from one of the busiest developers in western Pennsylvania. Brandon Snyder, market leader of the Pittsburgh office of Cincinnati-based Al. Neyer, knows firsthand about the rising construction material costs. Al. Neyer is actively building its own industrial projects across the region, and it’s also the builder for a major apartment development near the Whole Foods Market in East Liberty. “The steel market has been insane,” Snyder said in a recent NAIOP panel discussion at the Rivers Club, noting increasing steel costs in particular. “It’s hard to make sense of it.” He added: “And it’s not just the cost. It’s the delivery schedule. Eight to 10 weeks lead time is now 36 to 40.” PANDEMIC PRICE DISRUPTION So it goes in the development and construction business coming out of a pandemic. “I truly haven’t seen price disruption like this in the last 30 years,” said Bill Gatti, president and CEO of Trek Development Group, which is working to start construction on a new apartment project at the Garden Theater block on the North Side as material prices are skyrocketing. “It’s an unusual time.” The worst of the pandemic disruptions that lasted nearly 15 months may be receding, but Covid-19 continues to leave plenty of booby traps behind. Supply shortages for everything from steel to lumber to labor have mixed with dramatic price increases that are making the topic of inflation an unavoidable subject. All of this is wreaking havoc on construction companies looking to build. Read more from the article here. Recent NewsTuesday April 2, 2024Patrick Poole is Recognized on The Nashville Post’s “In Charge” and “The Builders” ListsThursday March 28, 2024Al. Neyer Wins NAIOP Nashville’s 2024 Industrial Development of the Year AwardWednesday March 13, 2024Al. Neyer Named 2024 Best in Business Finalist by Nashville Business JournalMonday February 26, 2024Shoals Technologies Group Invests $80M in Relocation to Shoals Way Industrial