Housing: Construction
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the potential impact of trends in the cost of building materials on house building costs.
Answered by Matthew Pennycook
Construction costs have increased 52% over the past ten years. Prices are now stable, rising only 1% between January 2024 and January 2025.
We are taking urgent action to support housebuilding and meet our mission to build 1.5m homes through bold planning reforms and a record £39bn investment to kickstart social and affordable housebuilding at scale across the country.
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