Housebuilders' costs on the rise

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.

 You can read more about housebuilders costs and inflation on the RICS website here.