Construction Costs Up 6.0% in May
Material prices and labour costs rose by 5.7% and 6.4%, respectively. According to the National Statistics Institute’s New Construction Costs Index, construction costs rose by 6.0% year-on-year in May.
New Housing Construction Costs Rise 5.9% In April
Estimates are that new housing construction costs increased by 1.3 percentage points in April than the month before.
Construction Costs Rose by 5.1% in March
New housing construction costs rose by 5.1%, up 2.8 percentage points compared to the previous month.
Construction Costs up 2.2% Year-on-Year in February
New housing construction costs rose 2.2%, up by 0.6% compared to January.