First it was lumber, now it's resin: New snag for homebuilders
A shortage of resin is having a ripple effect on the construction industry, much the way lumber did in recent months.
Co-owner of Household Plumbing, Cathy Carey says they’re experiencing a very serious supply issue due to the shortage.
It's a product that is “in acrylics, bathtubs, shower bases, shower walls, that type of thing," she explains.
Resin is a natural compound adhesive used in building materials and coatings when a strong bond is required.
“We used to have about a three-week (wait) -- they're now up to 12 weeks, six months. It’s been quite difficult to get product in,” she adds.
Resin is also found in ABS pipes, commonly utilized as a plumbing material and throughout the construction industry for numerous purposes.
Jared Zaifman, CEO of the London Home Builders Association says the resin shortage has made an impact on new construction over the last several months.
“The storms in Texas caused quite a bit of disruption, so our general understanding at this point is that most of the factories thankfully are back to producing resins, are back up and running. Unfortunately though, just because of how much of a delay there was, and the issues there, there is certainly quite a bit of a backlog that we’re seeing, in getting the product back out into the market.”
Zaifman adds, since resin is in a number of different products, it tends to be impacting work at different stages in the building process, and there is no forecast as to when the issue will be resolved.
In the meantime, Carey says if you are starting a renovation, plan ahead.
“Get your products ordered, so that you have your products in hand before you tear anything out.”
Carey says these shortages hurt business as well, because when they schedule renovations and take deposits, by the time the product is in stock, it costs more -- and often the business has had to absorb the extra cost.
CTVNews.ca Top Stories
'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
WATCH Video shows dramatic police takedown of carjacking suspects chased through parking lot north of Toronto
Police have released video footage of a dramatic takedown of a group of teens wanted in connection with an attempted carjacking in Markham earlier this month.
After hearing thousands of last words, this hospital chaplain has advice for the living
Hospital chaplain J.S. Park opens up about death, grief and hearing thousands of last words, and shares his advice for the living.
DEVELOPING G7 warns of new sanctions against Iran as world reacts to apparent Israeli drone attack
Group of Seven foreign ministers warned of new sanctions against Iran on Friday for its drone and missile attack on Israel, and urged both sides to avoid an escalation of the conflict.
WHO likely to issue wider alert on contaminated cough syrup
The World Health Organization is likely to issue a wider warning about contaminated Johnson and Johnson-made children's cough syrup found in Nigeria last week, it said in an email.
Advocacy groups speak out against domestic violence comments by Nova Scotia minister
Several Nova Scotia groups that assist women are speaking out against comments on domestic violence by Justice Minister Brad Johns, and at least one is calling for his dismissal.
A couple lost their wedding rings during the ceremony. Two strangers found a fitting solution
Every good wedding has to have one teensy, tiny crisis.
'It was all my savings': Ontario woman loses $15K to fake Walmart job scam
A woman who recently moved to Canada from India was searching for a job when she got caught in an online job scam and lost $15,000.
Families to receive Canada Child Benefit payment on Friday
More money will land in the pockets of some Canadian families on Friday for the latest Canada Child Benefit installment.