Increase in construction costs

Published:

The construction costs of residential buildings increased by 0.5 per cent from March to April this year.

From April 2016 to April 2017, the construction costs of detached houses of wood and multi-dwelling houses increased by 2.6 and 2.9 per cent respectively.

Figure 1. Construction cost index for residential buildings. Percentage change from the same month one year before

Residential buildings Detached houses of wood Multi-dwelling houses
Jan. 2004 2.3 2.3 2.3
Feb. 2004 1.9 2.0 1.2
Mars 2004 2.0 2.1 1.7
April 2004 2.5 2.6 2.5
May 2004 2.9 2.8 3.2
June 2004 3.2 3.2 3.8
July 2004 3.6 3.5 4.4
Aug. 2004 3.4 3.1 4.2
Sept. 2004 3.4 3.2 4.2
Oct. 2004 3.4 3.1 4.3
Nov. 2004 3.6 3.3 4.5
Dec. 2004 3.8 3.6 4.7
Jan. 2005 3.7 3.5 4.5
Feb. 2005 3.8 3.6 4.6
Mars 2005 3.9 3.7 4.4
April 2005 3.5 3.3 4.1
May 2005 3.6 3.5 4.1
June 2005 3.2 3.1 3.7
July 2005 3.0 2.9 3.4
Aug. 2005 3.1 3.0 3.6
Sept. 2005 3.0 2.9 3.5
Oct. 2005 3.2 3.1 3.5
Nov. 2005 3.9 3.7 4.4
Dec. 2005 3.0 2.9 3.5
Jan. 2006 3.0 2.9 3.5
Feb. 2006 3.0 2.7 3.4
Mars 2006 2.9 2.6 3.5
April 2006 3.0 2.9 3.7
May 2006 3.2 3.0 4.0
June 2006 3.5 3.2 4.1
July 2006 3.5 3.3 4.1
Aug. 2006 3.7 3.5 4.2
Sept. 2006 3.7 3.5 4.3
Oct. 2006 4.7 4.5 5.1
Nov. 2006 5.2 5.2 5.4
Dec. 2006 5.5 5.4 5.6
Jan. 2007 6.2 6.4 5.8
Feb. 2007 6.3 6.6 5.8
Mars 2007 6.3 6.7 5.7
April 2007 7.6 8.5 6.3
May 2007 7.9 9.0 6.2
June 2007 7.9 9.0 6.1
July 2007 7.8 8.9 6.0
Aug. 2007 7.9 9.0 6.2
Sept. 2007 8.0 9.1 6.3
Oct. 2007 7.4 8.5 5.6
Nov. 2007 7.6 8.6 6.0
Dec. 2007 7.6 8.5 6.2
Jan. 2008 7.1 7.5 6.4
Feb. 2008 7.2 7.6 6.6
Mars 2008 7.2 7.4 6.8
April 2008 6.0 5.8 6.3
May 2008 5.5 5.0 6.0
June 2008 5.4 4.9 6.2
July 2008 5.5 5.0 6.4
Aug. 2008 5.7 5.1 6.6
Sept. 2008 5.4 4.8 6.3
Oct. 2008 5.3 4.6 6.6
Nov. 2008 4.4 3.8 5.3
Dec. 2008 3.9 3.4 4.6
Jan. 2009 3.4 3.2 3.9
Feb. 2009 3.1 3.0 3.4
Mars 2009 2.8 2.7 3.0
April 2009 2.4 2.4 2.6
May 2009 2.2 2.2 2.2
June 2009 2.1 2.2 1.9
July 2009 2.0 2.2 1.8
Aug. 2009 2.1 2.3 1.5
Sept. 2009 2.3 2.7 1.6
Oct. 2009 2.1 2.6 1.2
Nov. 2009 1.5 2.0 0.6
Dec. 2009 1.8 2.3 1.0
Jan. 2010 2.0 2.4 1.2
Feb. 2010 2.5 2.7 1.9
Mars 2010 2.8 3.1 2.4
April 2010 3.4 3.5 3.0
May 2010 3.8 3.9 3.4
June 2010 3.7 3.9 3.3
July 2010 3.6 3.7 3.2
Aug. 2010 3.2 3.3 2.8
Sept. 2010 3.0 3.1 2.8
Oct. 2010 3.2 3.2 3.0
Nov. 2010 3.6 3.5 3.6
Dec. 2010 3.6 3.6 3.6
Jan. 2011 4.0 3.9 4.1
Feb. 2011 3.7 3.6 3.9
Mars 2011 3.8 3.7 3.9
April 2011 3.5 3.4 3.7
May 2011 3.6 3.6 3.7
June 2011 3.7 3.7 4.0
July 2011 3.7 3.7 4.0
Aug. 2011 3.6 3.6 3.9
Sept. 2011 3.5 3.4 3.8
Oct. 2011 3.6 3.5 3.7
Nov. 2011 3.5 3.6 3.8
Dec. 2011 3.5 3.5 3.7
Jan. 2012 3.3 3.4 3.3
Feb. 2012 3.3 3.4 3.1
Mars 2012 3.2 3.3 3.1
April 2012 3.2 3.4 2.9
May 2012 2.9 3.1 2.7
June 2012 2.8 2.9 2.5
July 2012 2.9 3.1 2.5
Aug. 2012 3.3 3.4 2.8
Sept. 2012 3.3 3.5 2.9
Oct. 2012 3.0 3.2 2.8
Nov. 2012 3.0 3.1 2.9
Dec. 2012 3.0 3.1 2.8
Jan. 2013 3.1 3.1 3.0
Feb. 2013 3.1 3.1 3.0
Mars 2013 2.7 2.7 2.7
April 2013 2.7 2.6 2.8
May 2013 2.9 2.8 3.0
June 2013 2.9 3.0 3.0
July 2013 2.9 2.8 3.0
Aug. 2013 3.0 2.9 3.2
Sept. 2013 2.9 2.8 3.0
Oct. 2013 2.8 2.8 3.0
Nov. 2013 2.8 2.7 2.6
Dec. 2013 2.8 2.8 2.7
Jan. 2014 2.7 2.8 2.5
Feb. 2014 2.9 3.0 2.7
Mars 2014 2.9 3.0 2.8
April 2014 3.8 4.1 3.1
May 2014 3.6 4.1 2.9
June 2014 3.6 4.0 2.9
July 2014 3.6 4.0 2.9
Aug. 2014 3.3 3.7 2.6
Sept. 2014 3.4 3.8 2.7
Oct. 2014 3.4 3.7 2.7
Nov. 2014 3.3 3.6 2.7
Dec. 2014 3.3 3.6 2.7
Jan. 2015 3.3 3.5 2.7
Feb. 2015 3.1 3.4 2.6
Mars 2015 3.2 3.5 2.5
April 2015 2.5 2.7 2.2
May 2015 2.5 2.6 2.2
June 2015 2.4 2.5 2.1
July 2015 2.4 2.6 2.2
Aug. 2015 2.3 2.5 1.9
Sept. 2015 2.3 2.4 1.8
Oct. 2015 2.4 2.5 2.0
Nov. 2015 2.2 2.2 2.0
Dec. 2015 2.1 2.2 2.0
Jan. 2016 2.1 2.2 1.9
Feb. 2016 1.9 1.9 1.8
Mars 2016 1.8 1.8 1.6
April 2016 2.3 2.3 2.0
May 2016 2.4 2.5 2.3
June 2016 2.5 2.5 2.4
July 2016 2.6 2.6 2.6
Aug. 2016 2.8 2.8 2.8
Sept. 2016 2.7 2.7 2.7
Oct. 2016 2.8 2.8 2.7
Nov. 2016 2.8 2.9 2.7
Dec. 2016 3.0 3.0 2.9
Jan. 2017 2.9 2.9 2.9
Feb. 2017 3.0 3.0 2.9
Mars 2017 3.1 3.1 3.2
April 2017 2.7 2.6 2.9

Figure 2. Construction cost index for residential buildings. Material indices for timber, concrete and steel. 2005=100

Timber Concrete Reinforcement steel
Jan. 2005 99.8 98.5 101.5
Feb. 2005 99.4 99.1 101.9
Mars 2005 99.4 99.4 101.3
April 2005 99.8 100.0 100.8
May 2005 99.5 100.0 100.7
June 2005 100.0 100.4 99.3
July 2005 100.2 100.6 99.0
Aug. 2005 100.2 100.6 98.9
Sept. 2005 100.2 100.0 98.5
Oct. 2005 100.5 100.5 99.7
Nov. 2005 100.4 100.6 99.6
Dec. 2005 100.5 100.5 98.7
Jan. 2006 101.2 102.7 97.9
Feb. 2006 101.1 103.6 97.6
Mars 2006 101.1 103.8 97.6
April 2006 102.3 104.3 98.6
May 2006 102.5 104.0 99.7
June 2006 102.6 104.3 101.5
July 2006 102.7 104.5 104.4
Aug. 2006 102.6 104.7 104.8
Sept. 2006 102.8 104.6 105.4
Oct. 2006 106.4 104.5 109.4
Nov. 2006 106.6 104.5 109.4
Dec. 2006 107.0 104.6 109.2
Jan. 2007 115.9 107.1 109.2
Feb. 2007 117.2 107.8 110.9
Mars 2007 117.4 109.3 112.2
April 2007 130.2 109.8 113.3
May 2007 132.5 110.4 113.8
June 2007 132.4 110.5 121.0
July 2007 133.1 110.5 121.1
Aug. 2007 133.1 110.5 121.2
Sept. 2007 133.3 110.9 120.7
Oct. 2007 134.1 110.9 120.5
Nov. 2007 134.7 111.6 119.8
Dec. 2007 134.8 112.8 119.8
Jan. 2008 134.0 114.2 119.8
Feb. 2008 133.8 114.9 120.9
Mars 2008 132.7 115.4 122.1
April 2008 131.1 116.2 131.4
May 2008 129.9 116.1 134.5
June 2008 128.4 116.1 150.8
July 2008 128.3 116.3 154.7
Aug. 2008 127.1 116.7 154.0
Sept. 2008 126.3 117.4 153.1
Oct. 2008 123.3 117.2 150.3
Nov. 2008 121.8 117.3 143.7
Dec. 2008 121.3 117.4 142.0
Jan. 2009 119.6 118.6 136.6
Feb. 2009 118.4 118.6 129.4
Mars 2009 117.6 119.1 125.6
April 2009 116.3 120.3 122.9
May 2009 114.8 120.3 113.8
June 2009 114.6 121.0 113.5
July 2009 116.2 121.0 113.6
Aug. 2009 119.5 121.4 114.2
Sept. 2009 123.3 121.3 114.1
Oct. 2009 125.3 122.7 114.5
Nov. 2009 126.0 122.6 113.1
Dec. 2009 125.9 123.4 112.2
Jan. 2010 125.7 122.8 111.2
Feb. 2010 125.7 122.7 111.3
Mars 2010 125.8 123.0 111.1
April 2010 127.9 124.1 118.5
May 2010 127.7 124.6 121.2
June 2010 127.6 124.6 126.8
July 2010 127.7 124.7 128.8
Aug. 2010 128.5 124.8 129.4
Sept. 2010 128.9 125.6 129.5
Oct. 2010 129.9 125.4 129.7
Nov. 2010 130.4 125.6 125.8
Dec. 2010 130.5 125.6 126.0
Jan. 2011 130.5 126.8 128.3
Feb. 2011 130.1 127.2 130.1
Mars 2011 130.1 128.0 138.7
April 2011 129.9 128.1 138.2
May 2011 131.3 128.3 138.1
June 2011 132.2 128.3 139.5
July 2011 132.3 128.4 139.4
Aug. 2011 132.3 128.7 139.7
Sept. 2011 132.5 128.5 138.8
Oct. 2011 133.5 128.6 138.8
Nov. 2011 132.9 128.8 138.6
Dec. 2011 132.9 129.3 138.0
Jan. 2012 132.5 132.6 138.5
Feb. 2012 132.5 133.5 138.8
Mars 2012 132.6 134.0 138.7
April 2012 133.4 134.3 139.4
May 2012 133.4 134.5 139.0
June 2012 133.4 134.8 138.7
July 2012 134.7 135.0 138.1
Aug. 2012 134.8 135.3 138.0
Sept. 2012 135.0 135.1 138.2
Oct. 2012 135.6 135.4 137.7
Nov. 2012 135.6 135.4 137.3
Dec. 2012 135.6 135.4 137.2
Jan. 2013 135.8 138.2 136.9
Feb. 2013 135.9 139.3 136.8
Mars 2013 135.8 139.8 135.0
April 2013 135.1 139.7 134.9
May 2013 135.0 140.2 134.7
June 2013 136.2 140.2 128.8
July 2013 136.5 140.3 128.6
Aug. 2013 136.3 140.7 129.4
Sept. 2013 136.3 140.7 129.2
Oct. 2013 137.9 140.9 129.0
Nov. 2013 138.6 140.9 128.5
Dec. 2013 139.6 140.9 129.1
Jan. 2014 140.2 142.3 129.7
Feb. 2014 140.6 143.1 129.8
Mars 2014 140.5 143.3 130.3
April 2014 152.0 144.3 132.4
May 2014 152.4 144.8 132.6
June 2014 152.9 144.8 132.5
July 2014 153.0 144.8 132.5
Aug. 2014 153.0 144.8 133.5
Sept. 2014 153.1 144.9 133.3
Oct. 2014 153.2 145.0 133.3
Nov. 2014 153.4 145.0 133.2
Dec. 2014 153.4 145.1 133.1
Jan. 2015 153.4 147.5 136.0
Feb. 2015 153.4 147.8 138.3
Mars 2015 153.4 148.1 138.0
April 2015 152.3 148.6 137.9
May 2015 152.4 148.8 138.6
June 2015 152.4 148.9 138.9
July 2015 152.3 148.8 139.3
Aug. 2015 152.6 148.9 139.6
Sept. 2015 152.5 149.6 141.7
Oct. 2015 152.6 149.6 140.8
Nov. 2015 152.8 149.8 140.2
Dec. 2015 152.8 149.8 140.5
Jan. 2016 152.2 150.3 140.0
Feb. 2016 152.4 150.5 139.7
Mars 2016 152.5 150.8 139.3
April 2016 158.1 151.2 141.5
May 2016 157.7 151.4 143.5
June 2016 157.8 152.4 150.3
July 2016 157.7 152.8 150.5
Aug. 2016 157.9 152.9 149.7
Sept. 2016 157.9 152.5 149.6
Oct. 2016 160.8 152.1 150.1
Nov. 2016 161.1 152.2 144.2
Dec. 2016 161.4 152.2 147.7
Jan. 2017 161.3 153.6 148.9
Feb. 2017 161.2 153.3 152.3
Mars 2017 161.2 153.6 151.0
April 2017 165.4 154.6 152.3