Price rise in building supplies threatens new housing

Top firm McMahons Builders Providers told developers in a letter last week that price hikes on building materials will ensue in the new year

6th December, 2020
Price rise in building supplies threatens new housing
The construction site of the Salesforce Tower in Dublin’s docklands: building costs are expected to rise in 2021. Picture: Getty

The cost of building homes will rise next month and lead to more residential projects becoming unviable, senior figures in the construction sector have warned.

McMahons Builders Providers, a leading construction supplier, told developers last week that there will be significant increases of between 3 and 15 per cent on key building materials from the start of 2021.

The firm also warned that a no-deal Brexit scenario would add extra pressure to prices.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Construction of café and public toilets at Merrion Square to start this summer

Ronan has high hopes of London building bonanza

Building heavyweights call for early reopening of sector

Construction industry predicts growth of 15% this year