According to the BCIS Private Housing Construction Price Index, housebuilding costs for Quarter 1 2019 are up by 4.3% compared to Q1 in 2018.
81% of private housebuilders' confirmed costs increased. Of those;
- 50% stated labour and material had increased;
- 29% said that labour increased and;
- 21% said material cost rises was the cause.
The most common materials that were reported to increase were plasterboard and insulation.