Austin Business Journal: Cement prices newest obstacle facing Austin homebuilders

In Austin, a city starving for new housing, homebuilders are feeling the strain of a global lumber shortage. Now, cement prices are spiking, potentially pouring more cold water on Austin’s attempts to bulk up housing inventory. Thomasnet.com, a platform for material buyers and sellers, has seen a 154% increase in demand for cement year over year. In the last week, demand shot up 180% from the previous week.

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