Home News FMB points to further issues around inflation and rising costs
News Banner

FMB points to further issues around inflation and rising costs

by Jennie Ward

Even as sector continues to recover and data points to highest overall output since September 2019, the FMB says rising inflation and cost of materials “will hit the pockets of the small builders who run to tight margins, and will increase prices for customers already facing rising bills.”

The latest ONS figures have highlighted a potential easing in supply chain issues which has helped deliver construction’s highest overall output since September 2019, but despite this, the Federation of Master Builders has warned rising costs could still cause problems for the sector. 

Brian Berry, Chief Executive of the FMB, stated: “Construction continues to recover after what has been a turbulent time for the industry. In particular the RMI market, which is the mainstay of small, local builders’ workload, continues to remain above pre-pandemic levels, which is good to see. The uplift in the market seems to suggest that it is now getting easier to obtain materials and a lucky spell of clear weather has allowed construction to continue without hinderance. 

“However, we know from recent FMB data that building materials and skills pressures have slowed projects for 89% of FMB members. Even more concerning is rising inflation as the increased cost of construction materials will hit the pockets of the small builders who run to tight margins, and will increase prices for customers already facing rising bills.”

 www.fmb.org.uk

Related Articles

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More