The construction cost 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 cost 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 third quarter of 2016, in comparison with the third quarter of 2015, the construction costs for new residential buildings decreased by 2.3%, the material costs decreased by 5.5%, whereas the labour costs increased by 5.9%.
In the third quarter of 2016, compared to the second quarter of 2016, the construction costs for new residential buildings decreased by 0.2%, the material costs decreased by 1.3%, while the labour costs increased by 2.5%.
