The building of one-level single-family homes in the National District and the Santo Domingo province was the one that became more expensive in January 2022, with 2.25%, an increase driven by the increase in the prices of materials, subcontracts and tools.
This is reflected in the Direct Cost Index of the Building of Housing (ICDV), which includes the cost of building residences in the aforementioned demarcations, which excludes indirect costs such as: land, design, building permits buildingfinancial costs and benefits of the construction company, among others.
Two-story single-family residences continued to be the second highest increase in their cost of building during the first month of the year, with 1.63%. These were followed by multi-family homes with four levels, whose building cost increased by 1.53%.
Similarly, multi-family dwellings, with eight levels or more, did not escape the inflation due to the rise in materials and tools. The ICDV indicates that the cost of building of these increased by 1.40% in January.
In general terms, the Direct Cost Index of the Building Housing increased by 15.87%, measured from January 2021 to the same month this year, going from an average of 178 points to 207.36 in that period. During the last month, the indicator registered a rise of 1.70%.
The increase in the index in January was influenced by increases in various cost groups, including subcontracts, which increased by 3.49% and materials, with 1.68%, according to the document, prepared by the National Statistics Office ( ONE).
Likewise, the group of tools registered an increase of 1.17% and machinery 0.34%. Only the labor force group did not experience an increase in the first month of 2022.
Within the subgroups of costs, only three types presented decreases in January: PVC pipes and parts (-2.28%), paints and electrical wires, both with -0.71%.
However, the rest of the subgroups: concrete, blocks and others, aluminum and glass finishing subcontracts, electrical miscellaneous, cement and glues, electrical equipment and finishing subcontracts registered considerable increases.
“The main increases occurred in termination subcontracts, with 9.56%; followed by electrical equipment, with 7.55%, and cement and glue, with 6.85%”, highlights the ICDV.
In the case of miscellaneous electrical, these had increases of 5.73%; subcontracts for aluminum and glass finishes 5.16%, blocks and others 4.53% and concrete 3.04%.
