Construction input costs rose 'at a considerable pace' last month

Housing activity was only slightly higher since October, which may raise concerns that the housing crisis and shortages of homes won't get better very quickly

Simon Barry, chief economist, Ulster Bank Republic of Ireland. 

Many construction firms say inflationary costs rose again "at a considerable pace" last month, as higher material costs, freight charges, Brexit, as well as the carbon taxes pushed input prices higher.

That is according to the latest Ulster Bank Construction Purchasing Managers' Survey which shows that 68% of firms reported higher input costs in November, as output expanded across housing, commercial, and civil engineering.