As the Construction Leadership Council’s (CLC) Product Availability working group reports the start of product price drops in the construction industry, we are optimistic about the future and hope to soon see price reductions in the architectural ironmongery sector.
In times of economic uncertainty AI’s like ourselves are often stuck in the middle between manufacturing prices rising and customers squeezing for additional discount, of course this is happening all along the supply chain so hopefully this news is a chink of light for the industry.
The CLC said;
“The supply of most building materials returned to pre-covid levels. This includes bricks, blocks, boilers, plaster and timber products.
“Price inflation has stabilised. Whereas a year ago we were seeing increases of over 5%, if products are increasing in price, it is now at 1-2%.
“There are reports of more discounts in the market and some indicators show prices coming down. The price of timber, for example, continues to fall, along with some plastic and energy intensive products.
“This is largely due to a stagnation of demand, particularly the ongoing decline in housebuilding activity over the last six months.”
