SANTO DOMINGO.- Comparing the results of March 2025 with those of the same period last year, the Direct Housing Construction Cost Index (ICDV) has experienced an increase of 6.28%, according to the latest report offered by the National Statistics Office (ONE).
It also notes that several construction materials such as paint, elevators, pipes, plumbing equipment, aggregates and others, registered price increases last March.
In the bulletin released yesterday, Wednesday, April 23, the institution indicates that in the third month of this year the ICDV averaged 236.77, registering a decrease of 1.21 points, compared to February, which was 235.56. "From December 2024 to date, the index showed an accumulated variation of 3.99%," it highlights.
According to the document, the construction products that saw price increases in March were: paint (5.93%), elevators (5.19%), PVC pipes and fittings (3.81%), equipment and appliances for plumbing and sanitary installations (2.86%), aggregates (2.01%), and blocks and other items (1.40%).
In addition, the monthly variations reflected increases in materials with 1.03%, tools with 0.91%, machinery with 0.44% and in subcontracts with 0.25%; labor remained unchanged at 0.00%.
Types of housing
The ONE report states that by type of housing, the ICDV, in the third month of the year, was 241.97 for single-family housing of one level, 239.39 for single-family housing of two levels, 232.50 for multi-family housing of four levels, and 233.23 for multi-family housing of eight levels or more.
It details that the decreases were observed in wires, nails, zinc and others, with -1.39%; blacksmithing subcontracts, with -0.94%; cements and glues with -0.38%; and steels with -0.14%
The Direct Housing Construction Cost Index (ICDV) is a statistical tool that allows us to know the monthly variations experienced by the cost of construction of four types of housing: single-family homes of 1 and 2 levels, and multi-family homes of 4 and 8 levels or more, in the National District and the province of Santo Domingo (indirect costs such as: land, design, construction permits, financial costs, profits of the construction company, etc. are excluded).
