Rise in cost of building materials and tight supply put construction on the back foot Disruption to supply of raw materials and pandemic behind 5-20 per cent hike
about 7 hours ago
The snow that literally froze Texas and Louisiana in February has unexpectedly turned up the heat on Irish builders returning after a sustained Covid-19 lockdown. In recent weeks, suppliers have been warning the industry that materials prices are firmly on the way up.
“It’s been across the board,” says Martin Mackey, chief executive of the Hardware Association of Ireland, whose members supply builders and householders. Those businesses’ own suppliers have been writing to them warning of hikes ranging from 5 per cent to more than 20 per cent for widely-used materials.