Construction costs are currently skyrocketing

I inquired here regionally about firewood yesterday. 30 cubic meters of spruce in log form including delivery by truck and crane costs 18 euros per cubic meter. That completely surprised me, as it is super cheap. It hasn't been this cheap for many years.

Next week it will be delivered in 3-meter-long logs.

Last year, prices were still between 40 and 60 euros. I prefer to stock up a bit more, you never know what will come.

If it gets too political, I always like to interrupt with an interjection about the current construction price development: +3.1% in August 2024 compared to the same month last year.

If it gets too political, I like to interrupt with a remark about the current construction price development: +3.1% in August 2024 compared to the same month last year.

That is why the ECB interest rates were also lowered today. Because inflation is so low. Then the increased construction prices can be financed more easily again.

That's why the ECB's key interest rates were also lowered today. Because inflation is so low. Then the increased construction costs can also be financed more easily again.

Unfortunately, the reduction has no impact on construction loan interest rates. These have fallen significantly in recent weeks/months in anticipation of the current rate cut.
However, most analysts expect slightly rising interest rates again, as the current rates already reflect more than the actual previous key interest rate cuts.

Building materials are actually quite reasonably priced again. Especially wood and steel. What is extremely expensive is cement and thus also concrete. Does anyone know why that is? It can't just be due to energy prices, since for example bricks haven't become that much more expensive.

What is extremely expensive is cement and thus also concrete. Does anyone know why that is? It can't just be because of energy prices

Cement is an extreme CO2 emitter. And CO2 is priced. Extreme increases are yet to come once the certificates are freely traded.