The construction costs indices for new residential buildings are intended for reviewing or monitoring costs incurred by a construction company in the execution of the construction process of building new residential buildings. The main users of construction costs indices for new residential buildings are construction companies, which refer to the movement of construction costs in calculations when entering a construction contract.
In the second quarter of 2020, in comparison with the first quarter of 2020, the construction costs for new residential buildings decreased by 0.4%, the material costs decreased by 0.6% and the labor costs stayed unchanged.
In the second quarter of 2020, in comparison with second quarter of 2019, the construction costs for new residential buildings decreased by 0.6%, the material costs decreased by 3.4% and the labor costs increased by 5.8%.
