Cairn Homes warns of cost pressures, reaffirms annual outlook

Cairn, which had reported a cost inflation of 6% for 2021, said build increases are being fully offset by improving product mix and stronger pricing.

Cairn Homes Plc on Tuesday forecast total build cost inflation for 2022 to be higher at about 6%-7%, pressured by rising materials and labour prices, although the housebuilder reaffirmed its annual outlook.

Homebuilders across Europe have been facing challenges of higher costs, particularly in key materials such as steel and timber, since the start of the Ukraine crisis earlier this year.