Construction material prices have risen sharply.

Recently, the prices of many types of construction materials in Hung Yen province and many neighboring areas have been trending sharply upward, affecting production, business, and construction activities, especially residential construction projects.

Recently, the prices of many types of construction materials in Hung Yen province and many neighboring areas have been trending sharply upward, affecting production, business, and construction activities, especially residential construction projects.

Steel and construction sand prices are rising together.

According to the April 2025 report on construction materials market trends by the Institute of Construction Economics , the average price of steel in April 2025 increased by 1.44 - 1.90% compared to March 2025. Construction sand and construction stone also saw price increases of 0.27 - 1.3% compared to March 2025…

Since the beginning of the year, steel has been one of the building materials whose price has increased sharply.

Since the beginning of the year, steel has been one of the building materials whose price has increased sharply.

Since the beginning of May, many types of construction materials have been on an upward trend in price. According to a survey by reporters at several construction material stores in Khoai Chau district, the price of yellow sand is fluctuating between 850,000 and 900,000 VND/m³, while just a week ago the price was only 550,000 VND/m³. The price of sand for foundation filling has also increased sharply, from 180,000 VND/m³ to 250,000-300,000 VND/m³, and in many places, there is insufficient supply.

Not only sand, but iron and steel prices are also soaring. Hoa Phat iron, a popular brand, is currently experiencing shortages. Ms. Huong, the owner of a building materials agency in Hai Thang commune (Tien Lu district), reported: The price of iron currently fluctuates between 18,000 and 18,300 VND/kg, an increase of about 3,000 VND/kg compared to the beginning of 2025. But what is more worrying is the shortage, especially of 10mm rebar – the type commonly used in roofing. Currently, the store only receives an average of 3 tons of goods per day, a decrease of 80-90% compared to the end of 2024.

According to our research, the sudden surge in construction material prices is usually influenced by many factors such as market supply and demand, production and transportation costs, as well as fluctuations in the international market. In the current context, with construction demand increasing again while supply has not yet adapted, it leads to an imbalance between supply and demand…

People and businesses are facing difficulties.

Rising prices and shortages of construction materials are putting cost pressure on people and businesses. Some construction projects have had to adjust their schedules, and manufacturing and trading businesses are facing difficulties in securing supplies.

For residents, especially those building houses, the increase in building material prices has driven up total costs by tens of millions of dong, or even hundreds of millions of dong depending on the scale of the project. Many families have had to cut back on design elements or postpone construction to wait for material prices to "cool down".

Rising prices and shortages of building materials are putting financial pressure on people when building houses.

Mr. Nguyen Van May's family in Dong Tien commune (Khoai Chau district) is in the process of building a new house. However, instead of being excited, he couldn't hide his worry as the construction costs have increased significantly. Mr. May said: "My family is building a 3-story house with an area of ​​100m²/floor. Because we are short of money, we have borrowed more. But, since the beginning of the year, the price of building materials has increased dramatically, causing the cost to increase by 15-20% compared to the initial estimate."

For building material businesses, despite high demand, unstable supply is impacting operations. Maintaining customer trust becomes difficult when orders cannot be delivered on time due to material shortages. Ms. Hoang Thi Que, owner of a building material store in Phung Hung commune (Khoai Chau district), said: "Since the beginning of the year, the number of customers has been higher than in previous years. Although I ordered many types of building materials in advance, recently, some items such as iron, bricks, sand... are still frequently out of stock. The rapid price increase and scarcity are causing many difficulties for the store's business and slowing down the construction progress of many households."

In a real estate project, the cost of steel accounts for approximately 15-20%.

Rising construction material prices are driving up construction costs, causing difficulties for investors. Mr. Nguyen Ngoc Anh, Director of Anh Khoa Joint Stock Company (a construction company) in Yen My town (Yen My district), stated: Currently, in a real estate project, steel costs account for approximately 15-20%. However, for real estate products, all these costs are included in the selling price to homebuyers. Therefore, when construction costs increase, investors are forced to adjust selling prices upwards. If they don't adjust prices, investors have to accept reduced profits.

Not only are construction contractors struggling with rising building material prices, but investors in public-funded projects are also worried about construction unit costs increasing significantly compared to initial estimates, affecting the total investment. Faced with these difficulties, many construction businesses are proposing measures to ensure a balance between supply and demand and stabilize the building materials market to share the burden with businesses and the public. Relevant authorities need to control prices and the supply of building materials to stabilize the market; strengthen inspection and supervision of building material production and business activities to prevent hoarding and price gouging. At the same time, conditions should be created to enable building material manufacturers to increase production capacity and supply to the market.

While awaiting effective interventions from authorities, individuals and businesses must adjust their construction and production plans to cope with fluctuating material prices. A new construction season is underway, but instead of rejoicing, many are apprehensive about the increasingly difficult cost problem.

Duong Mien - Huong Giang

Source: https://baohungyen.vn/vat-lieu-xay-dung-tang-manh-3181320.html