Quality materials are a must, especially regarding safe and sustainable construction. That said, prices of construction materials have rocketed recently. This is due to several factors including:
When looking at products like timber, it’s easy to get caught up in the fact that it is a highly renewable energy source. Although that is true, up to 20% of timber waste is thrown in landfills instead of being recycled. Is it possible for the growing and processing of raw materials to keep up with this waste?
During the Coronavirus lockdown, many manufacturers had to slow down or stop producing materials. Despite this, homeowners took on up to 80% more interest in home improvement, meaning available materials were being used at a rate faster than they could be supplied. As a result, there were huge supply and demand issues, which has in turn increased prices.
Brexit is having a knock-on effect on the materials shortage, due to changing regulations. Shipping delays and strict overseas material sourcing rules have also contributed to the shortage of building materials.
These materials are noticeably more expensive than they were pre-COVID. There are issues surrounding people obtaining cheaper and lower quality materials which can be problematic for health and safety.
| Price increases | Price decreases |
| Screws +25.3% | Fabricated Steel –29.3% |
| Metal doors + 20.4% | Concrete reinforcing bars –28.0% |
| Metal windows +20.1% | Planed or sawn wood –19.2% |
The construction material shortages and rising costs have led to several problems within the industry in the past couple of years. Lots of projects are falling behind schedule due to shipping and sourcing problems.
The main concern is that builders may begin to cut corners to keep costs down, this could simply be buying lesser quality materials, or buying materials that are not up to the health and safety code.
One of the main solutions that could be implemented to mitigate the impact of the construction material shortage is to use materials that are recycled, or already in the UK. Investing in UK materials production eliminates the need for shipping and sourcing materials, making projects easier to plan. It allows builders to be able to have quicker and better access to the materials that they need.
Prices may have increased, and many construction materials may be scarce, but the building has not ground to a halt. Developments are popping up all over the UK, and there is plenty of opportunity for the construction industry.
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