And still the market rallies (today) despite all of the signs that economy is running on fumes of the cash splash. Part of the collapse process is dead cat bounces. Fools rush in where angles fear to tread, I've been guilty of this myself in the past, once burnt blah blah blah
Steel prices are 42 per cent higher than last year, timber is 21 per cent higher, electrical products are 14 per cent more expensive and the cost of bathroom fixtures has risen by 13 per cent. Rising costs and building delays mean these companies now have a backlog of fixed-price projects to complete from early 2021 on which they are essentially making no profit.
