Construction sector warns rising costs will hit housing supply next year

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Construction Industry Federation outlook expects further rises in costs of material, labour and energy via IrishTimesBiz

Just over one in 10 companies say that cost of living measures introduced by Government over the first five months of the year have been effective.

96% of construction companies have reported a rise in the cost of building materials between June and August 2022, with 85% expecting cost rises to continue to year end, according to the latest Construction Industry Federation Economic Outlook research. This comes as the Government plans to impose a 10% levy on concrete products.

“The Government’s budget announcement of a 10% levy on concrete products is out of step with the needs of public consumers and construction companies at a time when extraordinary inflationary factors are driving costs up across society. He said the Government’s budget announcement of a 10 per cent levy on concrete products was “out of step with the needs of public consumers and construction companies” given the surge in inflation and its impact on costs already.

 

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IrishTimes Which agency is responsible for the quality control of cement blocks/raw material,in Ireland? Or is quality control down to the various cement making plants?

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