| dc.description.abstract | Construction plays a vital role in the economic growth of a society. The cost of building materials constitutes a major share of the total cost of construction projects. It is therefore crucial for the shareholders in the construction industry to understand the underlying factors causing price fluctuations in building materials. As such, the thesis examines the price determinants of lumber, steel and concrete in Norway. First, the thesis provides the reader with a theoretical background, which forms the premise for understanding the findings of the thesis.
Secondly, previous research and a survey approach were used to identify the major determinants of the respective building materials in Norway. The effect of the identified determinants on the building material prices in Norway was then analysed by examining price indices, market reports, existing literature etc.
In the end, the thesis identified multiple determinants that influence the price of steel, lumber and concrete in Norway and provides valuable insight into the building material market for shareholders in the construction industry and further research. | |
