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New housing construction costs rose by 4.0%
New housing construction cost index
New housing construction costs rose by 4.0% - December 2025
09 February 2026

Summary

In December 2025, construction costs for new residential buildings are estimated to have increased by 4.0% on a year-on-year basis, 0.9 percentage points less than the previous month. The price of materials presented a variation of 0.8% while labor costs rose 7.7%.

In 2025 the construction costs for new residential buildings presented an average rate of 4.0%, 0.6 p.p. more than in 2024. Labor costs rose 7.7% when compared with the previous year, while material prices increased 0.9%.


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