Material prices are rising in all sectors of construction, and plywood is the material with the biggest price increase.
This is according to The Department for Business, Energy and Industrial Strategy’s Monthly Statistics of Building Materials and Components report.
Construction material price index changes from June 2018 to July 2018 were:
• New housing +0.2%
• Other & new work +0.5%
• Repair & maintenance +0.2%
• All work +0.1%
Looking at longer term change, the material price of “All work” increased by 5.8% in July 2018 compared to the same month last year.
The materials with the greatest price increases in the last 12 months were:
• Plywood +23.8%
• Concrete reinforcing bars +13.8%
• Kitchen furniture +13.5%
The materials with the greatest price decreases in the last 12 months were:
• Electric heating apparatus -2.4%
• Other building ironmongery -0.6%
• Sand and gravel -0.7%
Read the full report here.