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Housing construction costs rose by 13.4% on a year-on-year basis
New housing construction cost index
Housing construction costs rose by 13.4% on a year-on-year basis - July 2022
09 September 2022

Summary

In July 2022, construction costs for new residential buildings are estimated to have increased by 13.4% on a year-on-year basis, 0.9 percentage points (p.p.) more than in the previous month. The price of materials and labor costs rose 17.5% and 7.7%, respectively.


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