Everyone anticipating purchasing a steel building kit this fall is hoping that steel buildings cost stabilize. All indicators show this to be the case. Steel building prices have risen already a few times this year. Steel building manufacturers know there is a limit to raising prices.The market is being to slow down. There are not as many steel barns or metal garages being sold right now. In addition, the stock market has slowed down which is one of the stronger indicators of market expectations. Most expect another price increase in the Spring. It has happen in the Spring every year for the past five years. Spring seems to reflect a new vitality where companies and individuals tend to expand.
If steel buildings cost are going to rise again this year, they will probably happen soon. I don’t anticipate an increase after September. This price increase wouldn’t be more than 2 or 3%. That increase is probably not enough to motivate a buyer of a 40x60x14 to purchase now; however someone buying a 50x100x16 ($22,000) might be motivated secure the lower price rate. Manufacturer’s are aware of the holiday season. Thanksgiving and Christmas are right around the corner. People will be thinking of a lot of things other than metal shop purchases soon.
The recent flood in Texas will definitely increase oil prices – since Houston is a major oil hub. Steel buildings are shipped on large trucks; therefore shipping rates will increase as gas prices increase. Expect to pay more per mile on deliveries. The steel barn buyer would be wise to focus their research towards local companies to save on shipping cost.
Again, steel buildings cost should stabilize. Now keep in mind there are factors out of everyone’s’ control, such as the situation with N. Korea! Let us all see a perfect outcome to this foolish situation.