Material price hikes cause slowdown in housing schemes being built

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An inflation-induced paralysis in the construction sector could have a major knock-on impact on the government’s Housing For All plan, which aims to deliver an average of 33,000 homes per year up to 2030. killianwoods LorcanAllen report.

The unprecedented volatility in materials prices and the risks associated with fixed price contracts have led to a noticeable slowdown in the number of new residential housing developments coming through the project pipeline, the Business Post has learned.

Soaring prices for key construction materials such as steel, timber and concrete over the past six months have made it increasingly difficult for building firms to price tenders for projects, which has led to a number of ...

 

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killianwoods LorcanAllen It’s the market telling you to stop! You’re at for 100 years now? All the cans have built up at the end of the road.

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