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New Housing Construction Costs Rose 0.9% in May

8 July 2020 – New housing construction costs increased by 0.9% in May, compared to a 0.3% rise during the month before, according to the INE’s New Housing Construction Costs Index (ICCHN).

At the same time, the cost of materials rose by 0.6% (0.8% in April). Labour costs increased by 1.4%, compared to +1.8% in the month before.

Original Story: Jornal Económico – Rodolfo Alexandre Reis

Translation/Summary: Richard D. Turner