Yeah, Hardware and lumber is already juimping in price from the hurricanes. The fires will have a another huge effect on building material costs soon as well.
Sure it will. Natural disasters always have an effect on building material prices due to the supply vs demand. Wildfires out west do the market a double whammy since they not only drive up ther demand it often affects part of the supply chain. Like I stated about the hurricanes, the prices are already gone up and are projected to keep rising till the end of 2018. Now take into consideration the current limbo trade with Canada is in and that is where more than half our lumber comes from......
Did you bother to look at my response to your Hurricane question?
No, as a result of the hurricanes, the fires won't have any more of an effect than has already occurred, except in the immediate area. There is only so much price gouging across the board that can occur. The prices may very well continue to rise slowly through the end of 2018 as you claim, but it won't be as a direct result of the fires.
California has anti-gouging laws. After a state of emergency has been declared, it's illegal to raise the price of services and most goods (including building materials) more than 10%. If an individual/business or other entity violates the law, they are subject to fines of up to $10,000 and criminal prosecution and a year in jail.
What I'm talking about isn't short term gouging. It's the long term effect on the national price and supply due to the change of the market. Gouging is something entirely different. When gas goes up $3 a gallon before, during, and right after a storm say. In order to gain profits from people with no other options, that's price gouging. The increased prices a month later the nation over because materials are in higher demand as a result is just how markets work and not in any way price gouging.