Source: Federation of Master Builders
A third of small building firms say that soaring material prices are squeezing their margins and almost a quarter have had to pass these price increases onto consumers.
Construction SMEs have reported a range of material price increases since the fall of sterling following the EU referendum in June 2016. Small building firms were asked which materials have increased the most and the results were as follows:
- Timber
- Insulation
- Bricks
- Blocks
- Windows
- Plasterboard / Slate (joint sixth)
- Boilers and radiators
- Porcelain products
The survey, which was conducted by the Federation of Master Builders (FMB) also aimed to find out how the these material prices have impacted the industry.
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