Have you ever noticed the longer you wait to fix a problem the worse it gets? Building material inflation has significantly increased over the past five years, with nonresidential construction costs up about 40.5% and residential costs even higher since February 2020, though rates have recently slowed or flatlined but at a much higher level than pre-pandemic. Key drivers for the increases include supply chain disruptions and labor shortages post-COVID-19, along with trade disputes and tariffs on imported materials like lumber, steel, and aluminum. While some specific materials saw massive price spikes (e.g., steel mill products in 2021), many costs have since flattened or slightly declined from their peaks but remain substantially elevated. Financing is a more affordable way to get your project completed today rather than waiting on increases. Prices are rising faster that interest rates the best time to buy is now.