Following the COVID pandemic, material costs are still on the rise
Where the demand for building materials is still on the price, the price of inflation is still following the trend. BMF recently reported that the value of sales was just over 17% but as general inflation rose to 9%, the volume in comparison only rose to around 1.5%.
Timber products continue to dominate the material shortage, followed closely by plaster/raw cement products. Supply chain issues such as lack of HGV drivers are among some of the factors that have created these problems.