The cost of building materials in the UK remains high, despite hopes that prices would stabilise after supply chain disruptions recently. Some key factors continue to drive up the costs. These affect homeowners, contractors, and developers.
Supply chain disruptions are one cause
Global supply chain issues, initially triggered by the COVID-19 pandemic, are still having an effect on material availability and pricing. Delays in shipping, increased freight costs, and logistical issues have made it more expensive to import materials like timber, steel, and cement. The Russia-Ukraine conflict has also disrupted supply routes. This has particularly affected energy and raw materials.
Brexit and border checks
Brexit has introduced new import tariffs, border checks, and administrative costs, making it more expensive to bring in building materials from the EU. The UK usually relied on European suppliers for materials. However, post-Brexit changes have contributed to price increases. Labour shortages in haulage and logistics have also added to costs. Even though materials are expensive, having a career in this sector is a win-win and can lead to stability. A range of builders merchants vacancies can be viewed on websites such as //bmcareers.com/.
There are labour shortages in manufacturing
A shortage of skilled workers in manufacturing and construction has put pressure on production. With fewer workers available to transport the much-needed materials, supply has struggled to meet the demand. This is keeping prices elevated. Experts have reiterated that the industry must reskill workers, as well as training a new generation, if it is to tackle the labour shortage. While it’s believed that some costs may stabilise over time, long-term solutions such as increased domestic production, energy efficiency improvements, and supply chain resilience will be necessary to bring prices down.
What about inflation and rising energy costs?
The UK’s high inflation rate has affected nearly all industries, including construction. Energy-intensive materials like bricks, glass, and concrete have seen price increases due to higher electricity and gas costs. Many manufacturing plants require large amounts of energy, and with rising fuel prices, production costs have soared, which are then passed on to buyers.
