Construction materials cost increases hit 40-year high

The latest Building Cost Information Service Materials Cost Index shows price rises hitting a 40-year high.
Industry analysts at the RICS owned organisation said that between January and September 2021 the greatest increases were seen for steel and timber with increases set to continue well into next year.
James Fiske, Director of BCIS, said: “The cost of materials in constructing a 3-bedroom semi-detached hous has increased by 14% or approximately £7,300 between January and Septembe