New housing construction cost index
New housing construction costs decelerate
- February 2005
22 April 2005
In February 2005 the new housing construction cost index on the mainland declined by 3.3% from the same month in 2004, which represents a deceleration of 0.5 percentage point (p.p.) from January. This development of the index derives from the strong deceleration of 1.3 p.p. in the material component, with the corresponding year-on-year change standing at 3.4%. The labour component in new housing construction costs accelerated, moving from 3.1% to 3.3%.
The year-on-year change in the housing regular repair and maintenance price index on the mainland was 3.5%, i.e. up 0.1 p.p. from the previous month. The year-on-year rate of change in services was 4.0%, which represents a decline of 0.2 p.p., while products for housing regular maintenance and repair accelerated by 0.6 p.p. from the previous period, to stand at 2.7%.