Industry Insights

MATERIALS
MDF
▲ +15.0%
vs same month last year
OAK
▲ +10.0%
vs same month last year
PRIMED PINE
▲ +8.5%
vs same month last year
CLEAR PINE
▲ +11.7%
vs same month last year
LOGISTICS
SEA FREIGHT
▲ +94.9%
Oct 2026 vs Oct 2025
BRENT CRUDE OIL
£79.05 ▲ +65.3%
vs last year
WTI CRUDE OIL
£69.52 ▲ +57.0%
vs last year
UK TRANSPORT CHARGES
▲ +3.3%
vs Q2 2025
CURRENCY
GBP / EUR
1.1798 ▲ +2.4%
vs last year
GBP / USD
1.3220 ▼ -1.1%
vs last year
GBP / CNY
8.8473 ▼ -7.1%
vs last year
UK MARKET
INTEREST RATE
3.75% ▼
vs 4.00% a year ago
UK BUSINESS ENERGY COST
195.67p/therm ▲ +159.9%
vs last year
BUSINESS RATE MULTIPLIER
48p ▼ -13.5%
vs 2025 to 2026
AVERAGE UK INCOME
£756 ▲ +3.7%
vs Jul 2025
UK LABOUR COSTS
▲ +5.2%
vs Q1 2025
BUILDING DATA
HOUSE PRICES
▲ +1.4%
vs same month last year
HOUSE STARTS
40,770 ▲ +14.0%
vs Jan - Mar 2025
HOUSE COMPLETIONS
39,890 ▲ +2.7%
vs Jan - Mar 2025
TIMBER RUNDOWN

Sea freight costs from China to the UK are up 94.9% in October 2026 compared with October 2025, while Brent crude oil stands at £79.05 per barrel and WTI crude at £69.52 per barrel. UK transport charges rose 3.3% versus a year ago as of the second quarter of 2026.

Sterling buys 1.1798 euros, 1.3220 US dollars and 8.8473 Chinese yuan.

The Bank of England interest rate is 3.75% effective 8th October 2026, and wholesale UK natural gas at the National Balancing Point costs 195.67 pence per therm, up 159.9% on the year. The business rate multiplier for 2026 to 2027 is 0.480 standard and 0.432 for small business, average UK income stands at £756 per week as of July 2026, and labour costs increased 5.2% year on year in the first quarter of 2026.

The average UK house price is £272,611, up 1.4% versus a year ago as of July 2026. New dwelling starts totalled 40,770 in the first quarter of 2026, with completions reaching 39,890 finished dwellings in the same period.

Housebuilders

Think Timber offers knowledge and advice to House builders so that you’re able to understand the nuances of our industry.

HOUSEBUILDER INSIGHTS