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February 28, 2023
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Construction cost in SD and DN increased in January

Construction cost in SD and DN increased in January

The people who have decided build in this 2023in the Santo Domingo province and in the National District, have needed more money than in December of last year, due to the fact that the Direct Cost Index of the Construction of Housing (ICDV) increased 2.51% on average in January this year.

The inputs of greater impact in the variation of costs have been the toolswith 6.02%and the electrical materialswith 13.86%.

The information is contained in the most recent report of the National Statistics Office (ONE), in which it is highlighted that the ICDV was located in 226.92 on average, registering a monthly variation of 1.12%.

“This result is lower compared to the one presented in the same period of the previous year, which was 1.70%”, he says.

The monthly analysis on the variation in the costs of the sector construction It is a balance that groups the subsectors of the housing construction sector, but it is exclude the indirect costs which the constructor assumes:

  • land acquisition
  • Design
  • permissions of construction
  • Financial costs
  • Benefits of the construction company
  • Inter alia

Leaving out the costs of the first investment to execute a work, the index registered in January 2022, compared to the same month of this year, had a increase of 9.43%which reflects that the sector construction continues to wage a struggle over costs that are reflected in the final value of homes.

By type of housing

The ONE points out in his document that the variance in the cost to build was more pronounced in the apartment towers four levelsan index that increased 1.43% in january. The average index was 225.78.

The second place is occupied by the buildings of houses of a levelwith a measurement that was located at 1.30% and an annual average of 227.71. They are followed by the condominiums of Two levelswhich reached 1.18% of monthly increase and 229.87.

Finally, there are the towers of eight levels henceforth, works that registered the smallest increase with 0.56% and an index of 224.33 overall.

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By disaggregating the information, the report indicates that the cost of the tools to build was one of the groups of higher incidence in final spending, which reached an increase of 6.02%. In addition, like last year, materials occupied an important place in terms of costs, with an increase of 1.35%.

When analyzing the subgroups within the costs for the constructionit is highlighted that the main increases occurred in the Electric generatorswith 13.86%followed by cements and glues, with 8.29%, and blocks and other materials, with 7.02%.

Meanwhile, the main decreases they showed up at the woodwith -10.31%; floors and ceramics, with -3.18%; and electrical accessories, with -1.23%.

Labour

Despite the increase that was applied from May 1, 2022 to the price of construction labor and its different specialties, within the direct cost groups it was the only one that had no variation from one month to another.

The ONE assures that its monthly index did not change, unlike the subcontractswhich are the external companies that are added to direct jobs, a line that rose a 0.32%.

Dominican journalist specializing in economics and finance, graduated from the Dominican O&M University.

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