Effect Of Building Material Cost On Housing Development In Nigeria

CHAPTER ONEINTRODUCTION1.1   BACKGROUND TO THE STUDYResearchers in building sector have indicated that between 50 to 60 per cent of the total construction input goes into building materials. As a result, there is an urgent need to address the high cost of these products which is said to have slowed down the growth of the building and construction sector in Nigeria. Building materials constitute the largest single input in housing construction. While Adedeji (2010) observed that about sixty (60) per cent of the total housing expenditure goes for the purchase of building materials, Ara…