Move or improve? Builders increase costs
We took a quick look at the cost of home improvements and building work
- The Federation of Master Builders' latest State of Trade Survey reports that 74% of builders have raised prices for their work in Q4 2021.
- At a time when they are reporting a 19% increase in workloads, 95% of builders are also seeing a rise in the cost of materials.
- Labour shortages are also making it hard with 43% struggling to hire carpenters and 41% finding it difficult to find bricklayers.
- Increased cost for home improvements, labour shortages and material price rises, may prompt homeowners to consider moving over improving.
- Source: Dataloft, Federation of Master Builders
