The largest price increases were recorded in ironwork, natural stone, marble, electrical wire, miscellaneous electrical supplies, steel, and wood, according to a press release issued by AF Strategic Communication
SANTO DOMINGO.- In the Dominican Republic, this year saw a 25.1% increase in the prices of housing construction materials compared to 2019, according to data from the Regional Center for Sustainable Economic Strategies (CREES), which is based on the Direct Cost Index of Housing Construction (ICDV) of the National Statistics Office (ONE).
According to the ONE's monthly digital bulletin for June 2021, the ICDV averaged 198.46, registering an increase of 5.85 points, compared to May of this year which was 192.61, when the main increases occurred in tools, with 48.53% and in machinery with 6.11%.
Furthermore, the indicator registered a monthly variation of 3.05%. This result is higher compared to the 2.38% recorded in the same period of 2019. By housing type, the ICDV was 205.12 for single-family homes with one level; 197.59 for single-family homes with two levels; 193.68 for multi-family homes with four levels; and 197.45 for multi-family homes with eight levels or more,” states a press release issued by AF Strategic Communication.
Increase in housing materials
Fiscal and monetary policies adopted by various countries and the reduction in production raised international prices of goods and services, as a result of the COVID-19 pandemic, which led to an increase in the prices of raw materials for the construction of a house, including wood, steel, copper, aluminum and liquid fuels.
In the country, the main increases were recorded in the subcontracting of blacksmithing, with 25.50%; natural stones and marmolite, 19.81%; electrical wires, 13.34%; miscellaneous electrical items, 11.26%; steel, 10.90%; and wood, 7.99%.
of the National Statistics Office (ONE). (External source).
