2 min read

Why Prices are High in 2022

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At the beginning of 2021, most businesses had reopened and were able to continue with business as usual albeit at higher prices. By the end of 2021, inflation had set in globally and it has become abundantly clear how fragile an economy can be. This year, companies are facing many of the same obstacles as they did in 2021, with ongoing supply chain interruptions, and soaring material costs compounded by rising inflation and interest rates. Most experts say it will be 2023 before we see a drop in prices and they may even increase further this year.

With the COVID shutdowns across the world, some supply chains have yet to fully recover. According to a recent report by the American Supply Association, supply chain congestion is improving for some sectors, but there are still nearly two million containers headed inbound into the United States. Mother Nature has also played her part, dealing out unprecedented hurricanes, tornadoes, and wildfires that have increased demand for building materials while, in some cases, simultaneously wiping out the natural resources necessary to rebuild. It has been, as they say, a perfect storm. The good news is that once they arrive, inventories not affected by chronic raw material shortages will be replenished. Cement is a key ingredient in making concrete which is what our systems are made of. So, not even Hilltop Concrete has been exempt from the industry-wide shortages. 

So how does this make the cost of construction rise? Buildings still need to be built, home renovations and repairs still need to happen and people still need fences to secure their property. With the current housing shortage, building materials are in high demand. Compound that with supply chain issues and material prices are at a premium. When material prices go up, so does the cost of construction projects and the record high inflation we are currently experiencing isn't helping. But while our cost may have increased, the nature of precast concrete fencing keeps Hilltop Concrete competitive. We manufacture all of our systems at our production facility so there is no need to worry about procuring the material after the contract has been signed. 

Hilltop Concrete is eager to do its part in helping the economy recover. If you are interested in finding out about applying for a position with our company, reach out to us today at hello@hilltopconcreteco.com or by phone at 903-630-5465. We also support working with local businesses, they are what make our towns special and unique. Hilltop Concrete is headquartered in East Texas with projects located throughout Texas including in Fort Worth, Dallas, Houston, and Austin and we offer shipping options to our customers outside of Texas. When you partner with Hilltop Concrete, we consider you part of the family, and we are all about family!