New Build Construction Costs Rise By 2.2%

10 July 2019 – Richard D. K. Turner

New construction costs grew by an estimated 2.2% (y-o-y) in May, down by 0.1% compared to the month before, according to the INE’s New Housing Construction Cost Index (ICCHN).

The price of construction materials also rose by 0.8% (0.9% in the previous month), while the cost of labour jumped by 4.3%, compared to 4.5% in April.

Original Story: Jornal Econômico – Rodolfo Alexandre Reis

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