The Star: December 16, 2021

Latest Canterbury news at starnews.co.nz
Thursday December 16 2021 The Star
NEWS 7
Construction prices: It’s getting worse
• By Anne Gibson
THINKING OF a home
renovation, a new deck, an
addition or even a new house?
Well – look out, because prices
which are already substantially
up in the sector are about to rise
even further.
After major product price
increases across the building sector
lately, insiders got a further
glimpse into what’s about to hit
them early next year.
Major building product supplier
Carters has written to customers
advising that within the
next three months, they’ll have
to pay more for many items.
One manufacturers’ silicone
sealant product price will rise
27.5 per cent from February 1,
Carters said.
The letter from Carters
national support office named
many products and the exact
price increases planned.
Timber, fastening systems,
polycarbonate roofing, building
wraps, underlay, laminated
goods and door hardware products
are all listed by the national
supplier as products that will
soon cost more.
“As a supply partner in your
business, we wish to give you
prior notification of upcoming
market-wide price movements
affecting various suppliers,”
Carters wrote.
PRICE HIKE: Further price rises are about to hit the
construction sector. PHOTO: DUNCAN BROWN/NZ HERALD
The national business has 50
stores throughout New Zealand,
as well as nine manufacturing
plants.
From February 1:
• Bostik product prices will
rise by 6.85 per cent in their
product range including Silicone
sealants “which will incur a 27.5
per cent price increase”;
• Fastening system business
Ecko product prices will rise
from 9.5 per cent to 19.5 per cent
across their entire range, Carters
advised;
• Thermakraft supplies integrated
building wrap systems for
passive control of air and moisture
in buildings. Its prices will rise
8.5 per cent across their product
range except for Ausmesh which
will be up 20 per cent;
• Marshall Innovations
supplies roof underlay, building
wrap, construction tapes
and flashings and many other
products. Its prices will rise by
10 per cent across their range of
products;
• Ampelite manufacturers
corrugated plastic polycarbonate
fibreglass skylight tinted clear
roofing sheeting. Its prices will
be up 8 per cent across the range;
• NZ Wood Products plywood
prices will rise by 15 per cent,
Carters warned.
From March 1:
• Prices at Laminex, which
makes and supplies laminated
surface and other products, will
rise 4.5 per cent across their
range of Strand products, Carters
said;
• PermaPine is a leading
manufacturer and supplier of
Roundwood and CCA treated
outdoor timber products in New
Zealand. Its prices will rise 5-10
per cent;
• Prices from door hardware
business Allegion will rise 10 per
cent;
• Nelson Pine’s GoldenEdge
raw medium density fibreboard
product prices will rise 6-7 per
cent, Carters warned.
Two days ago, the Herald
reported an NZ Certified Builders
Association board member
as saying he believed costs and
pressures on builders were the
worst they’ve been in 40 years.
Mike Craig said small builders
were doing it tough up and down
the country. Many were finding
it impossible to plan their projects
and when they should book
contractors because they didn’t
know what date materials would
arrive on site, he said.
Craig said he has been working
seven days a week for the past
four months trying to manage
all the logistical challenges at his
sites.
CoreLogic chief property
economist Kelvin Davidson also
said costs rose at double the typical
pace in the third quarter of
this year.
“The Cordell Construction
Cost Index reveals a national
increase of 1.6 per cent in the
three months to September 2021,
down from the 2.2 per cent rise
in the previous quarter, but still
well above the typical quarterly
increase of about 0.8 per cent,”
he said.
The Government last month
asked the Commerce Commission
to investigate the supply of
building materials and whether
the sector can operate more efficiently.
But CoreLogic’s Davidson said
cost pressures aren’t likely to ease
in the short term.
—NZ Herald
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