Construction: Prices increased enormously

  • 2 years ago

Prices for construction have recently risen enormously. According to the German Federal Statistical Office, producer prices for building materials such as wood and steel in particular rose more sharply on average in 2021 than at any time since the survey began in 1949.

The price of solid structural timber also increased, by 77.3 percent compared with the previous year's average. Roof battens became 65.1 percent more expensive and construction lumber increased in price by 61.4 percent. According to the Federal Statistical Office, prices for particleboard also rose, by 23 percent.

In addition, steel and metal prices also rose, for example. Reinforcing steel in bars was 53.2 percent more expensive on average in 2021 than in 2020, while reinforcing steel mesh was 52.8 percent more expensive. Customers also had to dig deeper into their pockets for metals in 2021, by a total of 25.4 percent. For more information, for example on price increases for other building materials, interested parties can visit destatis.de.

Source: destatis.de
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