A joint statement from co-chairs of the Construction Leadership Council’s Product Availability working group has revealed that product availability is improving across the industry and demand is expected to remain strong for the rest of the year. While the average inflation for products and materials is around 23%.
The statement from John Newcomb, CEO of the Builders Merchants Federation and Peter Caplehorn, CEO of the Construction Products Association, revealed that manufacturers are largely keeping up with demand although longer lead times are still evident in some cases, such as with bricks, aircrete blocks, some roof tiles and gas boilers.
Inflation is a cause for concern on a number of fronts with the average figure for products and materials around 23%, with further price increases predicted due to rising energy costs. Recruitment and wage inflation are also an issue.
The statement confirms issues Torque magazine reported on after Rawlplug revealed price increases in a letter to customers recently.
Click here to read the full statement from the Construction Leadership Council’s Product Availability working group.