Building a new home is now £76,000 more expensive than it was six years ago, HBF says

housing (2)

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Inflation, taxes and regulation all adding to price increases, housing group warns

The Home Builders Federation (HBF) has published research which says the cost of building a new home has risen £76,000 since 2020, with the biggest single contribution coming from material and labour inflation.

A new report from the body, which represents the housebuilding industry, says the additional cost is impacting the viability of new housing development, making it uneconomic for companies to build new homes.

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