Building materials have run desperately short in the UK, leaving DIY projects in doubt and building companies under significant pressure. Timber increasing up to 377% in some regions alone.
The BBC reports 'The Federation of Master Builders said that some building firms may have to delay projects and others could be forced to close as a result. 'Small, local builders are being hit hardest by material shortages and price rises,' said chief executive Brian Berry. 'We can't build our way to recovery from the pandemic if we don't have the materials.'
Had the UK adopted Modern Methods of Construction to help towards solving our housing crisis decades ago we wouldn't have been in such a stew. The USA are paying up to 200 euro more per m3 for timber our sources tell us whilst China are hoovering up as much timber as they can buy in addition to their own forestry leaving the UK to fight amongst the scraps. Of course things will balance out eventually but many sight this problem lasting at least another 18-24 months possibly a lot more.
In addition the BBC reports 'the cost of shipping a 40ft container from Asia to Northern Europe soared from $1,500 (£1,061) in summer 2020 to more than $8,300 (£5,873) by May 2021'
Russia now set to ban the export of logs is adding further potential restrictions and tariffs meanwhile. Brexit has also affected the UK's timber supply as 80% of softwood comes from Europe combined with Steel increasing by 3 times and a shortage of cement.
We use cookies to help us deliver our services. By continuing to use our website you agree to our use of cookies.AcceptRead More
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.