Hey folks,
I appreciate there's lots of different factors at play here (supply, demand, inflation, etc) and that there's variability between individual products, but I'm interested to hear folks thoughts/experiences when it comes to the price of building supplies and their predictions for the next couple of years when it comes to prices?
Through the pandemic there was massive inflation on a lot of building products, when the perfect storm of supply chain issues was coupled with a large increase in demand as people focused on home improvements/extensions.
In my (DIYer) experience, some building items have started to reduce in price over the past year, but are still around double the pre-pandemic prices (think blocks, plaster, etc)
Now as the cost of living crisis starts to bite, and folks may have (or may be anticipating having) significant increases to their mortgage costs too, I would imagine that people might start to put off or scale-back future DIY/building plans. Especially when such work is coupled with the already high prices of materials.
So could that lead to deflationary pressure on building materials, if supply starts to outstrip supply? What do you guys think?
(I'm sure the same concerns could effect tradespeople as well, with fewer bookings in the pipeline...but I'm sure the good tradespeople will always have work).
I appreciate there's lots of different factors at play here (supply, demand, inflation, etc) and that there's variability between individual products, but I'm interested to hear folks thoughts/experiences when it comes to the price of building supplies and their predictions for the next couple of years when it comes to prices?
Through the pandemic there was massive inflation on a lot of building products, when the perfect storm of supply chain issues was coupled with a large increase in demand as people focused on home improvements/extensions.
In my (DIYer) experience, some building items have started to reduce in price over the past year, but are still around double the pre-pandemic prices (think blocks, plaster, etc)
Now as the cost of living crisis starts to bite, and folks may have (or may be anticipating having) significant increases to their mortgage costs too, I would imagine that people might start to put off or scale-back future DIY/building plans. Especially when such work is coupled with the already high prices of materials.
So could that lead to deflationary pressure on building materials, if supply starts to outstrip supply? What do you guys think?
(I'm sure the same concerns could effect tradespeople as well, with fewer bookings in the pipeline...but I'm sure the good tradespeople will always have work).