On a monthly basis, the most significant price movement was imported sawn or planed wood, which was down 1.3%.
DBT’s report also showed concrete block deliveries were down 41.6% in the year to December 2023, and down 5.2% on a monthly basis.
There was a 32.5% decrease in brick deliveries in December 2023 compared to December 2022, and a 6.8% decrease on November 2023. Stocks of all types of bricks at the end of December, 567.5 million, was 86.6% higher than at the end of December last year (304.2 million).
BCIS Chief Data Officer, Karl Horton, said: ‘Looking at the data on an annual basis is as much about where we have come from to where we are now, and the continued decrease in brick deliveries tallies up with the kind of year both manufacturers and house builders have reported.
‘Looking forward though, there seems to be more optimism in the market. Both Redrow and Barratt, which are set to merge, and Bellway have this week pointed to signs of improvement. Barratt and Bellway both said they have had an uplift in reservation activity since the start of January while Redrow reported improved homebuyer confidence.
‘On the materials side, we’re forecasting annual growth in the BCIS Materials Cost Index to remain in negative territory, at -1.3% for 1Q2024, and for the downward trajectory to continue until the latter half of this year.’
To keep up to date with the latest industry news and insights from BCIS, register for our newsletter here.