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I would imagine part of it is related to the same reasons why my business’s prices are still high: rapidly rising insurance and increased costs of materials due to supply lines that were negatively impacted due to the slow down that was caused by COVID.
I’ve had literally dozens of customers in the last two years look at my quotes, balk and then go shopping for a better deal only to come back to me when they realize this is the new normal. Then they have to deal with the fact that contractors like me are booking new projects for 2025-26.