{"id":5340,"date":"2023-05-06T12:53:00","date_gmt":"2023-05-06T10:53:00","guid":{"rendered":"https:\/\/thomquin.be\/?p=5340"},"modified":"2026-02-03T20:20:25","modified_gmt":"2026-02-03T19:20:25","slug":"rising-building-and-construction-prices","status":"publish","type":"post","link":"https:\/\/thomquin.be\/en\/rising-building-and-construction-prices\/","title":{"rendered":"Rising building and construction prices"},"content":{"rendered":"\n

Rising Prices of Raw Materials<\/h2>\n\n\n\n

Price increases of nearly 40% for steel, 51% for aluminum, and even 80% for certain types of wood… In Belgium, four out of five companies are affected by the wood shortage. Two-thirds report delays of two weeks, and one-third delays of at least a month. Prices are climbing and lead times are extending. The construction sector is struggling to meet the strong post-COVID demand. This disruption stems from the backlog accumulated by many global factories during the crisis.<\/p>\n\n\n\n

In recent months, the prices of raw materials have continued to soar, causing chain reactions in the pricing of all construction materials<\/a>. PVC, paint<\/a>, and polyurethane foam, often used in insulation projects<\/a>, are now significantly more expensive. \u201cEven bricks and cement are now affected. Nearly all products have seen medium to very high price increases,\u201d explains Andr\u00e9 De Groote, president of FEMA, the Federation of Construction Material Traders. This also impacts structural work<\/a>.<\/p>\n\n\n\n

Ultimately, it is the finished products that bear the brunt. \u201cIf aluminum prices rise, so do your window frames. The rise in wood prices also increases the cost of pallets used for transporting goods, and thus transport costs in general. Recently, I spoke with a contractor who uses small steel nails for fixing drywall panels. A box that used to cost \u20ac300 now costs \u20ac500,\u201d says V\u00e9ronique Vanderbruggen, spokesperson for the Construction Confederation. This field example illustrates a very global problem, rooted in production delays around the world. Many factories shut down or scaled back production in anticipation of declining demand when the pandemic hit. Restarting has been slow, and they are still struggling to catch up.<\/p>\n\n\n\n

The virus also disrupted global maritime transport, with ships stuck in ports around the world. The supply chain had to restart amid unexpected events like the March blockage of the busy Suez Canal. Meanwhile, demand exploded. Across the globe, stimulus plans mobilized construction workers and private individuals, many of whom invested in their homes after experiencing the joys of lockdown life.<\/p>\n\n\n\n

The Example of Wood<\/strong><\/h3>\n\n\n\n

Each material faces its own specific issues. Take wood, for example: prices for most types surged at the end of 2020. \u201cThis is mainly due to high demand from the United States, where the construction sector increased output by 25% last autumn. And there, building with wood is standard. Another issue, also from the U.S., is a decision by Donald Trump to tax Canadian lumber. As a result, Americans turned to the European market, deepening shortages here,\u201d explains Fran\u00e7ois De Meersman, secretary general of the Wood Confederation.<\/p>\n\n\n\n

Wood prices remain high but are slightly decreasing this July. \u201cIt seems the situation has improved in the U.S. in recent weeks. We might soon return to a somewhat more normal scenario in terms of prices and availability.\u201d What about other materials? \u201cA price increase of 11% for insulation has already been announced for September. Steel is expected to remain high and may increase further next year. Prices vary by product and are very uncertain,\u201d says Andr\u00e9 De Groote. (Source: Le Soir \u2013 C\u00e9cile Danjou, August 6, 2021)<\/p>\n\n\n\n

The situation is particularly complex in the wood sector. Raw material prices are exploding, and delivery times are increasing. 80% of Belgian companies active in the wood sector are affected by shortages. This situation was largely triggered by one of Donald Trump’s final decisions as U.S. president.<\/p>\n\n\n\n

Prices Have Doubled at a Wood Distributor in Namur<\/strong><\/p>\n\n\n\n

We visited a wood retailer in Namur. Spruce, oak, OSB, wood wool, multiplex \u2013 prices continue to rise. We spoke to a customer taking advantage of the holidays to enhance his terrace. \u201cWe know it\u2019s gone up. We know it\u2019s more complicated, but we adapt and make do with what\u2019s available<\/em>,\u201d says Pierre-Antoine.<\/p>\n\n\n\n

Donald Trump\u2019s Decision + Rising Demand = Shortages and High Prices<\/strong><\/p>\n\n\n\n

One of the main explanations for rising prices lies with the United States. A tax imposed by Donald Trump on Canadian wood during his final days in office forced Americans to buy from Europe\u2014right when demand here was resurging. \u201cEspecially from Scandinavian countries, where prices were very high. That drove up our market too. Add to that a surge in demand, and the result was prices doubling<\/em>,\u201d says St\u00e9phane Scaillet, manager of the wood store we visited. Take flood victims, for example\u2014they have no choice but to rebuild now, even at today\u2019s inflated prices<\/em>.<\/p>\n\n\n\n

This shortage comes at a particularly bad time for some private individuals. \u201cI\u2019m worried about the middle class\u2014they\u2019ll struggle to afford these materials. Flood victims, for instance, must rebuild immediately and are stuck paying the high prices of today<\/em>,\u201d adds St\u00e9phane Scaillet.<\/p>\n\n\n\n

In Belgium, four out of five construction companies are affected by this material shortage. Two-thirds face delays of two weeks, one-third of at least a month.<\/p>\n\n\n\n

Source: RTL \u2013 Mathieu Langer, Denis Caudron<\/strong>, published on August 8, 2021 at 2:53 p.m.<\/strong><\/p>\n\n\n\n

Visit our services page<\/a> to see how Ateliers Thomquin<\/strong> can support your project!<\/p>\n\n","protected":false},"excerpt":{"rendered":"

Prices of steel, aluminum, wood, and other materials have soared due to global production delays and high demand\u2014causing shortages, delivery delays, and rising costs in construction.<\/p>\n","protected":false},"author":2,"featured_media":3933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1,40],"tags":[],"class_list":["post-5340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-categorise","category-renovation-en"],"acf":[],"yoast_head":"\nRising building and construction prices - 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