Price increases.

macadam · 28-05-2021 9:30pm #1

Anyone notice massive price increases in materials and labour, steel cement and wood all up at least 30-50%. Tarmac/Asphalt expected to rise in the next few weeks.
Labour costs gone through the roof heard today groundworkers are getting upto €30 per hour. Its all going to end in tears I think.

billy_beckham · 28-05-2021 10:10pm

macadam wrote: »

Anyone notice massive price increases in materials and labour, steel cement and wood all up at least 30-50%. Tarmac/Asphalt expected to rise in the next few weeks.
Labour costs gone through the roof heard today groundworkers are getting upto €30 per hour. Its all going to end in tears I think.

Trying to get prices on an extension/renovation job at the moment. 1 guy I spoke to said he is struggling to source any and all materials.. He reckons its mad, he did our planning etc so is willing to try continue with us but says he's not taking on any more work as he just can't source stuff, regardless of price.

Hopefully it's only a temporary lag, and when supply chains are fully back up and running it will ease?

Labour is stable though he said??

BryanF · 28-05-2021 10:19pm

macadam wrote: »

Anyone notice massive price increases in materials and labour, steel cement and wood all up at least 30-50%. Tarmac/Asphalt expected to rise in the next few weeks.
Labour costs gone through the roof heard today groundworkers are getting upto €30 per hour. Its all going to end in tears I think.

Yes, re materials, shortages driven by last year’s manufacturing slow downs. Can’t comment re labour, 30p/hr self employed? Or paye?

billy_beckham · 28-05-2021 10:30pm

BryanF wrote: »

Yes, re materials, shortages driven by last year’s manufacturing slow downs. Can’t comment re labour, 30p/hr self employed? Or paye?

Is the situation expected to right itself in the medium term?

macadam · 28-05-2021 11:10pm

BryanF wrote: »

Yes, re materials, shortages driven by last year’s manufacturing slow downs. Can’t comment re labour, 30p/hr self employed? Or paye?

PAYE, its mental, but was heading that way.

enricoh · 31-05-2021 7:22pm

Yeah it's nuts, big shortage of anything plastic as well. A mate of mine works for roadstone n they had no 4" solids the last time I was talking to him! Said it was quiet as they had no materials to sell and there was no tradesmen available to do patios etc for people, they're booked solid.

Talking to a lad on the pup e350 a week and a couple of nixers and happy out. He would have been on sites for 20years + n no intention of going near one again!

Panjandrums · 31-05-2021 7:33pm

Even big subcontractors are having trouble sourcing material, blocks, paving, steel and insulation.

Wages are certainly only going one way, plenty of groundworkers coming out with 800 Net a week or 60k gross.

sydthebeat · 01-06-2021 9:05am

got a call from a guy yesterday whos pouring a foundation today... couldnt get A393 anywhere!!!

Cheensbo · 01-06-2021 4:04pm

Priced a self build early 2020, re-priced it there over the last few days - reckon the new price is about 150-160% of last years, that's not even including some recent material increases, I know prices never go down as such, but going to hold off for some sort of correction - we just can't afford it now.

Work in steel myself, purchase price of certain sections is double what they were before xmas, that's if you can get them, this is madness.

macadam · 01-06-2021 9:19pm

sydthebeat wrote: »

got a call from a guy yesterday whos pouring a foundation today... couldnt get A393 anywhere!!!

Got two sheets of it yesterday plenty in stock in Co Louth

Slanty · 01-06-2021 9:28pm

While I don’t mind a spike, but once the prices go up they will never come down.

I’m afraid a recession is the only way we will see prices back in the affordable range.

billy_beckham · 01-06-2021 10:50pm

Slanty wrote: »

While I don’t mind a spike, but once the prices go up they will never come down.

I’m afraid a recession is the only way we will see prices back in the affordable range.

Surely laws of supply and demand should see a reduction of some sort? As previously mentioned can't last...

enricoh · 01-06-2021 11:02pm

Dunno how true it is but I heard from a rep that suppliers are not stocking as much stuff as they expect the whole building lark to go bang again and don't want mega millions of stock on the books.

Iirc I read 60% of new builds are now bought with government money or bought by others to rent out to the government. Doesn't take a genius to see that as unsustainable so maybe there's a nugget of truth in it.

I know steel increases have nothing to do with Ireland just a shortage worldwide.

macadam · 02-06-2021 6:52am

Its getting to the stage I am advising customers to supply materials on special works like granite natural stone etc, the risk of price increases is too much to take. Im currently quoting for 30 days yet I have 4 months work on. So Im covered I guess.

Stan27 · 14-06-2021 11:03am

Any predictions on if the price's will level off in six months time? (thats when Im planning to start building)

CalisGirl · 14-06-2021 11:06am

I'm in the market for wooden flooring needed for September. When I went to get a quotation last week, I was told prices should have reduced by then. And that the current price rise was due to increased shipping costs and delays coming into Ireland because of Brexit.

The seller, who mostly does wholesale said there was no point getting a quotation now as price for Aug/September would be very different and probably lower.

billy_beckham · 14-06-2021 12:40pm

CalisGirl wrote: »

I'm in the market for wooden flooring needed for September. When I went to get a quotation last week, I was told prices should have reduced by then. And that the current price rise was due to increased shipping costs and delays coming into Ireland because of Brexit.

The seller, who mostly does wholesale said there was no point getting a quotation now as price for Aug/September would be very different and probably lower.

Comforting.. Fingers crossed

Gumbo · 14-06-2021 6:34pm

That supplier is the only one in the country saying this.
I think he doesn’t want to quite now as there’s no point as your not buying now.

Prices will be higher in September.

billy_beckham · 14-06-2021 6:53pm

Gumbo wrote: »

That supplier is the only one in the country saying this.
I think he doesn’t want to quite now as there’s no point as your not buying now.

Prices will be higher in September.

Is there no hope of a stabilisation, in your opinion?

Personally I think/hope supply will improve and the laws of supply and demand will kick in....

If not we're heading for another bust..

DOCARCH · 15-06-2021 6:02am

billy_beckham wrote: »

Personally I think/hope supply will improve and the laws of supply and demand will kick in....

I am in your camp.

I think prices will stabilise in the next couple of months.

beggars_bush · 22-06-2021 8:00am

ordered steel mesh back in early May - €90 a sheet
tried to order same mesh off same company yesterday €125

crazy

steel is going to keep going up and up as the USA have put in huge orders for it with Biden's large infrastructure plans, so worldwide there is going to be a shortage

billy_beckham · 05-07-2021 9:17pm

Any update on the supply of materials on the ground folks?

Still mad or any sign of an improvement?

BryanF · 05-07-2021 11:42pm

https://m.independent.ie/business/commercial-property/plant-hireuseshows-building-sites-under-celtic-tiger-level-pressure-40599883.html

https://constructionnews.ie/timber-price-increases/

https://www.irishbuildingmagazine.ie/2021/05/25/home-builders-concerned-at-impact-of-increased-cost-of-building-materials/

billy_beckham · 06-07-2021 9:04am

BryanF wrote: »

https://m.independent.ie/business/commercial-property/plant-hireuseshows-building-sites-under-celtic-tiger-level-pressure-40599883.html

https://constructionnews.ie/timber-price-increases/

https://www.irishbuildingmagazine.ie/2021/05/25/home-builders-concerned-at-impact-of-increased-cost-of-building-materials/

Interesting, 2 of the articles say a 10-15k increase to cost of the average 3 bed semi will be the result of the increases.

Yet a couple of builders i have spoken to about an extension/renovation job are talking multiples of that?

horsey63 · 06-07-2021 12:42pm

billy_beckham wrote: »

Interesting, 2 of the articles say a 10-15k increase to cost of the average 3 bed semi will be the result of the increases.

Yet a couple of builders i have spoken to about an extension/renovation job are talking multiples of that?

ditto here !! single storey 25sqm extension, plus new windows for a 3 bedroom house and insulation...well over 200k yikes !

oceanman · 06-07-2021 1:03pm

horsey63 wrote: »

ditto here !! single storey 25sqm extension, plus new windows for a 3 bedroom house and insulation...well over 200k yikes !

jesus! anyone would have to be nuts to pay that sort of money...

foxy farmer · 06-07-2021 1:34pm

Priced some steel plating for a job a few weeks back. 25mm thick. Came in at €2100. Nearly went for the bottle of brandy. Was advised it was overkill and to size down. Went back 2 days later to price 15mm plate €1800. Considering a 40% thickness/weight reduction why wasn't there a 40% price reduction?
Iron ore price has almost doubled in12 months so steel price won't be dropping anytime soon.
Was looking for a ballpark quote for corrugated roof sheets. Had to give up to ringing. Didn't get a single price.
There's a certain amount of price gouging going on in my opinion. 2" hard-core 23 tonne delivered €480. Talking to a driver with another Readymix supplier said they were €4 a tonne cheaper.

rob316 · 15-07-2021 4:56pm

It's down to sea freight costs. Our company got a bill for a 40ft last month for $18,000. It used to be about $2000

TomSweeney · 15-07-2021 5:03pm

Jesus Christ, wtf is happening ?

Twofeet · 17-07-2021 12:22pm

Recycle, recycle, recycle ....

wally1990 · 17-07-2021 12:28pm

Rang to get a price on a shed and was told 1600

Said no problem, I'll ring back next week to pay

Rang back 1 week later and it was gone up 15% and was told unless I buy then it will go up another 15% in a few weeks , she was saying their suppliers are upcoming costs due to material shortage

Same with slabs out my front for paving, was told 700 for the job and then the guy rang me back and said it's actually 900 now due to materials

Ffs

macadam · 17-07-2021 10:13pm

its a risky business now supplying materials..

macadam · 01-08-2021 10:07pm

Spoke with the owner of a hardware store yesterday, he said steel and timber is being quoted on a daily basis only. prices are increasing by the day.

realflash17 · 23-08-2021 12:01pm

Building a home in Co Wexford at the moment.

Not surprisingly we have been hit with big price increases on wood and steel, and we are expecting 5-10% increases on fascia and soffit and Windows based on discussions with the suppliers. Neither the contractor or ourselves coming out well financially on this.

A month ago both the electrician and plumber were confident they could still meet their original quotation.

I called the electrician to give him a date to start the work and he told me that the price of wiring has gone up 3,000 on the build everything else remains the same. The previous increases were expected as they were well documented but the wiring is a new one to me.

Just curious if there are others out there seeing the same in the electric area? Part of me wonders if the electricians are just covering themselves as they are seeing at least a 10% increase on other materials in the build and do not want to get caught too late.

billy_beckham · 28-08-2021 12:17pm

Just wondering what things are like in the construction material world at the moment?

Any sign of the shortages easing?

What's the price of stuff doing? Still rising or stabilising?

Stan27 · 01-09-2021 4:00pm

https://www.boards.ie/discussion/comment/117814490#Comment_117814490

I was about to ask exact same question. I was planning to start building in Q4 this year but thinking of leaving it for a while now.

Actually half thinking of renting for a year, and building then, hopefully the prices will drop and work out the same.

macadam · 05-09-2021 3:55pm

https://www.boards.ie/discussion/comment/117833589#Comment_117833589

Timber expected to increase another 20% before year end. Cardboard now also at an all time high, pushing up rices on everything boxed.

realflash17 · 06-09-2021 11:36am

It looks like the price of wood is decreasing in the US at least at a fairly rapid rate, 40% drop compared with January prices which is a massive swing from 90% up.

source : cnbc

It usually has an impact here I wonder will the prices drop as quick as they rose.

rob316 · 06-09-2021 11:41am

Pricing a project at home, €50 for a sheet of bog standard 18mm MDF I was quoted in a few places. Plywood was gone up even more. Mental

billy_beckham · 06-09-2021 5:36pm

Hopefully this continues........

enricoh · 07-09-2021 6:21pm

A mate works for roadstone and they are inundated with calls from the UK for cement.

I know a couple of lads who have moved over to the UK to work on sites, huge money over there at the minute. Word won't be long filtering around so I'd expect labour to get even scarcer next year.

Getting a quote will be an achievement next year!

Jackben75 · 03-10-2021 8:02pm

https://www.boards.ie/discussion/comment/117859628#Comment_117859628

rubbish, a sharp decline in prices are expected. The urge to renovate during the covid crisis is already decreasing. Materials are also being sourced outside of the UK now and the population are for th emost part heading back to work wherever that may be, which will also scrap many plans for renovation and home offices, particularly garden rooms too. Expect a slowdown, many builders have booked jobs up until at least the first half of 2021. i would expect prices to fall after this. Patience will be rewarded!

enricoh · 11-10-2021 5:23pm

https://www.boards.ie/discussion/comment/117971982#Comment_117971982

We'll see how rubbish it is, materials prices are still increasing. Transport costs rising big time too.

Dunno the age profile in construction but most of the lads I know at it are closer to the pension and young lads are only going plumbing or sparking.

laraine94 · 15-10-2021 3:19pm

We started applying for planning permission last year. We were quoted €180 per sq meter. Now planning permission granted we have been quoted €280 per sq meter. We can’t afford to build now.

mfceiling · 15-10-2021 4:57pm

https://www.boards.ie/discussion/comment/117971982#Comment_117971982

If you think prices will sharply decline then you are living in cuckoo land!! Suppliers are putting up prices almost monthly now and there's not a hope in hell they are going down sharply in the future.

billy_beckham · 19-10-2021 7:10pm

https://www.boards.ie/discussion/comment/118024389#Comment_118024389

In a similar position 😥 Hoping it can't last!!

Paul_Mc1988 · 02-11-2021 10:16am

https://www.boards.ie/discussion/comment/118024389#Comment_118024389

Do you mean €1800- €2800 per square meter?

Price increases.

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