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Infrastructure

Building costs up again, while labour shortages hit

Brent Melville
Wed, 21 Jul 2021

Placemakers: trade pricing on the up (Image: BusinessDesk)
Brent Melville
Wed, 21 Jul 2021
Today marks another round of price increases across a slew of building materials, with increases of between 5% and 20% across everything from glues and plywood to steel and concrete.Timber prices will increase by about 8% and bathroom items will go up by about 6% from today. In a note to its trade clients, Placemakers said it will lift its masonry pricing by up to 14%, with bagged concrete up by as much as 10%.Cost increases have become a regular fixture for building and construction firms.This reflects the supply and demand dynamic of boo...

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