NuGen Properties

Construction products availability continues to improve

There are large stocks of most grades of timber in the UK – except the Russian stuff

John Newcomb and Peter Caplehorn, chief executives respectively of the Builders Merchants Federation and the Construction Products Association, co-chair the Construction Leadership Council’s product availability working group. This is their latest update.

“The past month has seen yet more improvements in the balance of product demand and supply, with good availability for most construction products and prices no longer as volatile.

“While demand has slowed in recent months, work in every major construction sector, apart from commercial, remains above pre-pandemic levels.

“The slowdown has allowed brick manufacturers to rebuild stocks to their highest levels since May 2021. While there are some exceptions, manufacturers are reporting up to 8 weeks supply for most brick types at current demand levels.

“Currently, there are large stocks of most grades of timber in the UK.  The exceptions being birch plywood and Siberian larch cladding, which come from Russia, but substitute products are available.

“The availability of gas boilers has also improved. With their supply chains returning to normal levels, availability increased by over 20% in January 2023 compared with January 2022.

“Wholesalers in the electro-technical sector report their number one operational challenge is still ‘product availability and price issues’ with longer lead times experienced for solar products including inverters, batteries and mounting systems.

“In addition, the problems in the supply and pricing of EV chargers linked to regulatory changes, reported in detail in our January statement, remain a major concern. Installers should check the provenance with their wholesalers and request a Statement of Compliance and, if applicable, an Enforcement Undertaking.

“As reported last month, price inflation has largely stabilised with some suppliers deferring price increase as demand slows.  Gas prices appear to be easing and many larger energy intensive manufacturers have likely hedged a high proportion of their energy costs for the year ahead. Nonetheless, the impact on manufacturers from high energy costs often takes months to feed through to product prices – especially for energy-intensive products and materials – so the volatility from late 2022 may still be felt into the spring. Inflationary pressures on other costs, especially labour, continue and may well impact prices later in the year.

“The product availability group is monitoring potential impacts from the earthquake in Turkey that could disrupt supply chains.  While nothing major has been reported to date, Turkey is one of the world’s largest exporters of raw iron bars and Turkish ports are key connections for steel rebar and structural steel global trade. There may be longer term ramifications, for both materials and labour, when rebuilding begins.”

Got a story? Email [email protected]

Source link

Customer Reviews

Nugen Properties

Customer Reviews

Dan Morten 18/01/22

Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

Sonny Carter-heyward 29/02/22

Brilliant service, renovated my house to make a dream a reality. Thanks guys

sitemanager 22/01/23

Great firm to communicate with fast and good quality work.