In April, construction costs for new residential buildings are estimated to have increased by 0.4%, 1.3 percentage points lower than in March. For the same month, the price of materials rose 0.8%, while labor costs dropped -0.1%.
The information in this release, referring to April, should already reflect some effects of the COVID-19 pandemic, both on the behavior of the price index and on the amount of primary information used to its compilation. Despite the difficulties, we call for collaboration of companies in responding to INE's surveys. The quality of official statistics depends crucially on this collaboration that INE thanks in advance.