Material costs set to rise, report warns

Cladding tests for Studio Bark's Orchard House

’Increased costs will hit just as UK market is slowing down’

The cost of building materials is expected to rise by more than 5% in the coming year at the same time as the UK market is starting to cool down, according to a new report.

Consultant Turner & Townsend (T&T) said that against a background of subdued growth UK contractors had reported a 23 percentage point rise in order books.

But this good news was tempered by the likelihood of input costs rising by 5.3% over the next 12 months.

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