Home Extension & Renovation Cost Index
As predicted in last month’s report, November data for the HERC Index reveals a significant jump with a net price increase of 2.3%. This brings the total price rise over the full 12 months to 3.1%. Recent increases have been a result of the following rise in input costs:
- Brick (10% increase)
- Rainwater and roofing products (5% increase)
- Roof tiles (6-8% increase)
- Timber (5-14% depending on type and local versus imported origin).
We also noted substantial percentage increases in certification fees and engineering costs.
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