Homebuilders were able to build fewer properties in January as a result of significant hold ups in the building material supply chains, a new report has suggested.
According to research, 73 percent of homebuilders have predicted that supply chain issues will continue to plague the industry in the coming months, particularly the supply of bricks and timber. There are also concerns about the impact of rising inflation and labour shortages arising from Brexit.
Scott Squire, national client director at Property PX Group, said:
“With supply chain issues and labour shortages causing significant disruption, the consistent and timely provision of high-quality homes is going to be challenging. There is huge demand for new build homes at the moment, but the industry is struggling to keep up. It’s incredibly frustrating for all involved.
“Having said that, I know the homebuilders I work with are committed to providing new homes of the very best quality even in these challenging times. Patience is going to be required on all fronts, but those in the new homes industry are seeking solutions that will enable them to continue providing a first-class service to their customers.”