| The total price of a home improvement project is | | | | materials is very high. BICS have clearly showed the |
| going to increase very soon. The market is coming | | | | trend of price rise through various examples. Let us |
| out from the recession time-period. The price was | | | | take an example given by BICS. A person wants to |
| very low when the market was facing this recession | | | | change roof tiles. The previous price of roof tile was |
| period. Builders and contractors have also suffered | | | | 220 pounds and the current price is around 280 |
| heavy losses during that time. Now they would surely | | | | pounds. It shows a tremendous increase of 17%. |
| like to cover their losses. The spending capacity of an | | | | Real estate experts of China are saying that the rise |
| individual is going to increase due to the end of | | | | in price list is not for profit however it has become |
| recession. It will increase the price of labour as well as | | | | necessary to maintain the running costs. This makes |
| the required materials for home improvement. | | | | the situation very poor for the people. |
| The materials required for a home improvement | | | | You can also see the results of SCA Hygiene |
| project includes almost everything which we use in | | | | Australasia. They are the producer of Sorbent, Tork |
| our house. It includes steel related materials, | | | | and they are also one of the leading manufacturers |
| hardware, sanitary items and various other things. | | | | of hygiene products. Their reports clearly say that |
| RICS' Building Cost Information Service (BICS) says | | | | they were reluctant to increase the prices. They left |
| that the cost of transport is increasing day by day. It | | | | with no options but to increase the price. They have |
| is also affecting the price of raw materials. Market is | | | | mentioned that the current market environment is |
| also facing the deficiency of tradesmen. The overall | | | | very sturdy and they are not getting the good |
| consequences are the increase in the home | | | | quality raw materials at economical rates. It is |
| improvement cost. | | | | increasing their total input costs. Therefore they have |
| The international price of oil is increasing with fast | | | | to increase the price to maintain their expenses. The |
| rate. It has been already been cleared by the | | | | price increase is not for profit but to maintain the |
| analysts that price of oil is going to cross more than | | | | current level. The price of wood is also increasing. |
| $200 per barrels within few years which will further | | | | The wholesale price of lumber is at historical highs. |
| increase the transportation cost. The international | | | | The demand is rising however the woods are not |
| requirement of raw materials is increasing | | | | available at the same rates. Therefore it is becoming |
| continuously. The upcoming international giants like | | | | tough for an individual to purchase all the related |
| India and China are unstoppable. Their growth rate is | | | | materials. |
| tremendous due to which their requirement for raw | | | | |