Housing

[Eaststand]

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The increase in material costs are in excess of anything I have seen in nearly 30 years of working in procurement in the industry. Where once you would see annual increase of 5 or 6% on things, most rarely stuck. Now I've seen bricks going up in double digit increases about 4 times in the last year. Timber is around double the price it was a year or so back, Insulation has just gone up again from yesterday at around 40%, plasterboard has gone up around 25% in past couple of months alone. Every category is being similarly affected and lead times are stretched to ridiculous lengths.

That will have an impact on affordability of new builds.

Something I've always wondered.
I live fairly near to the Strand housing development just off Fishwives Causeway and I'm amazed at how many houses they're managing to build on that site.

What roughly is the profit margin for housebuilders like Persimmon, Wimpey etc for newly built houses.

Without giving away any detailed sensitive info would you be in a position to give a ballpark about the total costs for buying the land, building the houses, then the final finishing touches like plastering, painting etc against the selling price.

GGTTH