After the disruption of last year its great news when the FMB (Federation of Master Builders) reports increased activity across the board for small construction firms. Enquires have grown at the fastest rate in 10 years!
The flip side of this good news is that shortages of construction materials and skilled labour are being exacerbated. The report states:
38% of builders are struggling to hire bricklayers, up from 22% in Q4 2020; and 34% are struggling to hire carpenters/joiners, up from 23% in Q4 2020.
With building materials not always readily available, 93% of builders said that material prices were rising.
It seems the skills shortage will continue to affect this year!
#constructionheadaches #fmb #skillsshortage