How much tradesmen cost in ROI and why labour rates look like they will continue to rise, not just because of the statutory increase introduced in February.
What do timber, insulation, steel, plastics, and now fuel, all have in common? They are the cause of many headaches in the construction industry. Every builder in the country at present has to contend with the upward spiral of pricing. The reason for material price increases, as outlined in a previous article, include the pandemic, licencing issues, worldwide demand. And now, unfortunately, war.
With so much of the focus on material prices increases, the news that the Irish construction industry has landed a labour price increase on the first of February 2022 may come as a surprise. So, what does this mean and how will it impact the self-build community?