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Surge in building material costs picking up pace, suppliers warn

Timber and other key building material prices are rising at a faster rate than this time last year, suppliers have warned.

Overall construction material costs surged 12 per cent in 2021, according to Martin Markey, chief executive of Hardware Association Ireland, whose members supply builders around the Republic.

“This year so far we’re pretty sure that it’s more. There are huge supply issues. It’s higher than in the first quarter last year,” he said at the weekend.

Mr Markey noted that industry figures from across Europe reported the same problems at a conference in London late last week.

He added that demand remained strong across both Irish and European construction, despite rising material and labour costs.

Read the full details at Irish Times

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