Press release No. N 006 of 10 February 2022
- Strongest price increase for individual construction materials since the survey was first conducted
- Higher energy prices also affect the construction sector
- Building permits from January to November at highest level since 2006
WIESBADEN – Delivery bottlenecks, raw material shortage and higher domestic and foreign demand have had an impact on the construction sector. Construction prices markedly increased in 2021. The Federal Statistical Office (Destatis) reports that, on an annual average in 2021, the producer price increase for individual building materials such as timber and steel was larger than ever since the survey was first conducted in 1949. Prices were up 77.3% for solid construction timber, 65.1% for roof battens and 61.4% for construction timber compared with the average of the previous year. Even the prices of chipboards, for which sawmill waste is generally used, rose by 23.0%. For comparison: The producer price index for industrial products (total) was up 10.5% on an annual average in 2021 compared with 2020.
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