2022 Edition 6 MONTHLY STATISTICAL BULLETIN More information is available at: New housing construction costs index – November 2021 (6 January 2022) In November 2021, the Construction Costs Index for New Housing (CCINH) is estimated to have registered a year-on-year growth of 8.5% (1.2 percentage points more than in the previous month). The price of materials and the cost of labour registered rates of change of 9.4% and 7.3% respectively compared to the same period in the previous year (8.9% and 5.2% in November, in the same order). In terms of the month-on-month rates of change, the estimated rates for November 2021 were: • CCINH: 1.6% (0.7% in the previous month); • Price of materials: 0.8% (0.9% in the previous month); • Labour costs: 2.8% (0.5% in the previous month). Construction Costs index for New Housing (rate of change) Construction costs increase by 8.5% year-on-year 8.5% 9.4% 7.3% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% November 2019 May 2020 November 2020 May 2021 November 2021 Total Materials Labour costs
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