Construction costs are currently skyrocketing

  • Erstellt am 2021-04-23 10:46:58

SaniererNRW123

2022-09-11 12:46:18
  • #1
P.S. Anyone who wants to stay informed daily about the development should google "Swap Mid 10 years." finanzen net has the 10-year rate daily dz hyp has all rates from 1-30 years at a glance daily boerse manager magazin 10 years with charts Swap Mid rate = refinancing rate for banks (simplified)
 

Rechtsfuß

2022-09-11 13:16:06
  • #2

I agree 100% with the first part of your statement.
A friend who is a construction contractor mainly working on single-family/semi-detached houses hasn’t received any notable inquiries for 8 weeks and is still fully booked until next summer, after which things will get uncomfortable. Our house bank’s statement is that currently there are no financings for new builds. We are now only buying the land this month and hoping for better times.
 

driver55

2022-09-11 14:34:05
  • #3
And if everyone were as active as you, the forum could be closed immediately. So, keep a low profile.
 

SumsumBiene

2022-09-11 14:36:44
  • #4
The fact that so little is written about costs here is already a statement in itself.
 

Allthewayup

2022-09-11 16:42:42
  • #5

This is a double-edged sword. You can certainly snag a single item cheaply somewhere online at short notice. The problem is that many are tied to a general contractor (GU) and thus to their sources. Very few still build their house almost entirely by themselves, and then nobody probably buys the materials just-in-time either.
Perhaps the wrong example was given here. Prices here in Germany—for almost anything—have long been detached from the (world) market price. The best global example of this is raw material prices like steel, crude oil, etc. My general contractor now wants almost €500 more per ton, even though the steel price is currently at the level it was when the offer was made. But the steel that is currently ready in the yard was bought months ago when it was at a high. Surely there is still a bit of "filling pockets" involved. But I would rather attribute these price distortions to the bullwhip effect.
Someone from the forum once mentioned the "rocket and feather" principle here. It hasn’t left my mind since, as it describes this situation most accurately.
 

Rechtsfuß

2022-09-11 21:35:56
  • #6
Man, someone is really angry. Slept on the couch again? :D
 

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