Construction costs are currently skyrocketing

  • Erstellt am 2021-04-23 10:46:58

Scout**

2022-09-22 16:34:31
  • #1
The rising construction interest rates and the explosion in building material costs are currently hitting construction projects with full force. Data from the Institute for Economic Research (Ifo) show that order cancellations in the construction industry more than doubled in August compared to the same month last year, reaching 8.8 percent. The numbers are even more dramatic in residential construction. With 11.6 percent, order cancellations in August more than quintupled compared to the same month last year.


The majority of cancellations in residential construction concern single-family houses. However, according to Ifo, multi-family houses with three or more residential units also recorded a cancellation rate of 10.7 percent in August. Condominium units in particular are becoming the industry's headache – as shown by the example of construction entrepreneur Becker. How construction of rental apartments will proceed, on the other hand, remains the big mystery in the construction industry.
 

EinmalimLeben

2022-09-22 16:49:27
  • #2
We bought our beautiful, velvet blue Bristol from Häcker at the local furniture store as a display kitchen at a good price. Maybe that's an idea? L-shaped, including all appliances mostly from Neff and an island, real wood countertops, spotlights, soft-close, etc. for 13,000. It was already marked down for the second time and had to be sold quickly for the new kitchen in the furniture store. We negotiated the final price with the manager there. It is currently being stored because we are still building, but that way you avoid any hassle with waiting for the oven...
 

Pinkiponk

2022-09-22 17:05:24
  • #3
In your opinion, is this tenfold increase in price objectively justified, or is it the opportunistic effect I often suspect? I no longer dare to make an assessment.
 

QQSTSolar

2022-09-22 17:28:39
  • #4
Of course, these are knock-on effects. The pallet with the coals is definitely leftover stock from last year. But the world market price for coal has also increased tenfold and it is no longer imported super cheaply from Russia. Someone also has to pay for the transport from Australia to here.

Everything has to balance out. And so the price is politically controlled. Gas is scarce, prices explode, and people save.
But now the electricity price must also rise. Otherwise everyone would heat with electricity. That can’t happen either, otherwise the grids would collapse.

Heating oil cannot become more expensive than diesel. Sure, diesel can rise, from January we will also not take crude oil from Russia.
Maybe then a liter of diesel will cost 20 euros. That would be the increase like with the gas price.

Whoever can raises their prices or imposes energy surcharges. And the era of cheap money is over. That will accelerate the disruptions extremely.

Prices will collapse again across the board because with rising interest rates we will, if only briefly, see a deflationary development before the currencies go down in a hyperinflation.

But citizens can of course only spend every euro once. Fuel, food, and energy have doubled in one year. However, incomes have not. And as prices keep rising either the interest rate will explode or the currency will crash. Let’s see what happens.
 

kati1337

2022-09-22 17:43:18
  • #5

Yes, we are also looking around in this regard. If we find something suitable, I would definitely have no problem with that. :)
 

Stefan67422578

2022-09-22 17:49:08
  • #6
The 11% price increases are realistic. This year, the industry has also suffered. As a tip, I can say that it is worth asking for the store brand in the large furniture stores. Usually, there is a major kitchen manufacturer behind it. It is difficult to compare a kitchen because, unfortunately, you do not receive exact plans as an offer. However, the front quickly causes costs. White is not just white. The same applies to the countertop. And the appliances can quickly make up 50% of the total costs. Also, the contents of the cabinets. We decided against a Le Manns cabinet, accepted a dead corner, but were able to place 120cm drawers on the right and left and saved 1000 euros after the discount. Well negotiated are, by the way, 40-50% discount off the list price. In exceptional cases, even more.
 

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