How Inflation is Driving Up Home and Auto Insurance Costs By: Jeff Encke
01/18/2022 By: Jeff Encke, courtesy of Safeco. Home-related trends: higher building materials costs and a skilled labor shortage
If you’ve shopped at Home Depot or Lowe’s lately, you’ve probably noticed that the price tags on building materials have risen dramatically. In the first year of the pandemic, lumber prices alone jumped 42%.1 Steel mill products rose a staggering 81%…