Building costs. Jan 2023

150 for a metre of concrete, was 72 when i built 5 years ago

Carbon tax added to cement this past two years is a big factor we've been told. Prices not as high as e150 in the NW of the country but still up about e40 / metre in two years and talk that it's to go much higher

I'm fairly close to the Donegal - Tyrone border and I haven't noticed any NI readymix lorries about for some time now. That's not to say that they aren't delivering here but maybe there is a Brexit issue or possibly they aren't competitive.

All the price increases on everything are starting to get "baked in" now. No fella working wants to get up out of bed for less than 500 a day now and suppliers greeflating 30-50% onto their costs regardless of whether their costs have gone up by anything near that amount or not. It will take a recession or calamity to bring the prices back I'd say

That is my understanding too but no doubt you will shortly be told by one particular zealot poster on here that prices are dropping and will continue to do so!

Well construction PMIS are down again last month, I am presenting the raw data and my experience. If people are happy to pay what ever some cowboy is asking without asking questions then that's there prerogative.

https://tradingeconomics.com/ireland/construction-pmi

The reality is construction outputs and PMIs are down and this means these 2 indicators show that demand is way way down.. There is demand there but it is falling off a cliff due to a very high % of would be customers being locked out of getting an extension due to the higher and higher interest rates. I mean come on the price of getting an extension could go up 5 fold and there will still be interest in getting work done as some people have money to spend. Yet demand is down no one here can argue that as its not what the raw data available is showing and the amount of workers working in the construction industry is up 40k from 2021 to 2022.

Also have a good look at boards the requests for getting work done has slowed right down over the last 12 months, 2/3 years ago there would of been request after request on a daily/weekly basis now there is barely a mention in comparison when you go to construction and planning and prices on this site.

A lot of this horsesh1t and tactics builders want to lock in as much work as possible before it completely dries up if people want to pay stupid prices go for it as with everything else there is a huge amount of gouging in the sector and as I said I had a half dozen construction crews out with me and with the usual ah we are out the door busy funny how 3 could start straight away the others two were the summer and one sept and already the lad stating September has told me they can get me in earlier due to cancellations remember a lot of jobs will be from people getting a loan and the same lending rates will be up a good bit more before the end of rate hikes.

Cubic metre???

Hi Folks,

Has anybody got a quote from a builder lately? Are we still in the €3k plus per sq metre for extensions? Any idea on price per sq metre for retrofit?

Regards

kev

is that for a 25k bag I am seeing it at 5.49

https://www.thedandys.ie/product/origin-cement-25kg?gclid=CjwKCAjwsvujBhAXEiwA_UXnAP9lpJTeAEi3BQ35SYEjZHj5ONvGOULx07IPNj-Vrbjyr-TW3SA6ShoC2B0QAvD_BwE

as for other costs

Timber is way down.

Insulation has dipped back up but is cheaper now than 6 months ago

Sheet materials way down

Blocks up slightly.

Chipboard is down

and cement has remained fairly consistant in price for the last 12 months

Add in petrol diesel prices are coming down as a whole.

https://mybuildingsupplies.ie/building-materials-price-tracker/#

Wrong 40k more working in construction in 2022 in Q1 as apposed to 2021 Q2 its actually getting better. House prices are dropping

https://irishbuildingmagazine.ie/2022/09/01/cso-report-shows-40000-increase-in-construction-employment/