Increase in construction costs
The construction costs of residential buildings rose by 0.5 per cent from April to May this year. Labour costs increased by 0.8 per cent, while material costs rose by 0.2 per cent in the same period.
|Change from last month, per cent||Change from last year, per cent||Index|
|1Construction cost index for residential buildings is weighted by index for detached houses of wood and index for multi-dwelling houses.|
|Residential buildings, labour cost||0.8||3.4||169.1|
|Residential buildings, materials||0.2||2.7||162.5|
|Detached houses of wood||0.4||2.8||162.4|
|Detached houses of wood, materials||0.1||2.6||161.4|
|Detached houses of wood, other building work||0.4||2.8||162.2|
|Detached houses of wood, other building work, materials||0.1||2.6||160.1|
|Multi-dwelling houses, materialsr||0.2||2.7||169.4|
Wage statistics for the first quarter of 2013 are included in the construction costs of May 2013, and are the main reason for the cost increase from April.
From May 2012 to May 2013, the construction costs of detached houses of wood and multi-dwelling houses rose by 2.8 and 3.0 per cent respectively.