Wake Up Call: Builders face more price hikes

Higher prices for materials have been pushing up housing costs (Image: Deposit Photos)

Wed, 21 Jul 2021

Summary Building materials prices are on the rise again, with Fletcher Building-owned Placemakers noting increases of up 14%. Forsyth Barr predicts more price rises in retirement unit licences this year.Building cost rise Today marks another round of price increases across a slew of building materials, with increases of between 5% and 20% on 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 s...

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