Construction costs are currently skyrocketing

Prices of industrial products are rising as strongly as never before

With an increase of 25 percent, prices for raw materials and industrial products have been raised at the beginning of the year as much as not since 1949. This will likely also affect consumers in the end.

Remaining debt at the LBS about 90,000 euros for 1.7%, I was a bit shocked when my colleague told me that. Although he is currently paying 3.6%, but in 8 months the 10 years will be up. Can someone confirm that?

I now also have current data from relatives:
Follow-up financing for a semi-detached house, about 70,000 for 1.88%. If you now repay 20,000 in special repayments and finance 50,000, 2.35%.

With such a small remaining amount, of course not worth mentioning, but the advisor apparently also said that they now get weekly interest rate increases.

So how does a BU justify such a large increase that prices are "skyrocketing"? Isn't it often the case in such situations that they are squeezing out the last bit?

Supply and DEMAND? Thanks to hundreds of thousands of KfW subsidies peak in demand - with unchanged supply!

What do you think, when will the effects of the Ukraine war reach our building materials trade, both in terms of possible shortages and price increases?

Earlier I filled up diesel at €2.01 per liter, and that was still the gas station that was 10-15 cents cheaper than the others. The topic of energy prices is everywhere in the supply chain and will have a super fast impact.

As far as I know, there has never been an oil price shock without a recession.
When energy prices rise, the economy declines.
Bauking has had a Trojan in the system since the middle of last week. Only phone and fax are working. Still needed balancing mass, +20% price increase since 2022.
In our area, the first construction projects are now being stopped or not started anymore.
If the house now costs 400k 18 months later instead of 300k – no wonder.