Move or improve? Builders increase costs

We took a quick look at the cost of home improvements and building work

The Federation of Master Builders' latest State of Trade Survey reports that 74% of builders have raised prices for their work in Q4 2021.
At a time when they are reporting a 19% increase in workloads, 95% of builders are also seeing a rise in the cost of materials.
Labour shortages are also making it hard with 43% struggling to hire carpenters and 41% finding it difficult to find bricklayers.
Increased cost for home improvements, labour shortages and material price rises, may prompt homeowners to consider moving over improving.
Source: Dataloft, Federation of Master Builders

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