The index relates to costs ruling on the first day of each month. NATIONAL HOUSE CONSTRUCTION COST INDEX; Up until October 2006 it was known as the National House Building Index Oct 2000 data; The index since October, 2000, includes the first phase of an agreement following a review of rates of pay and grading structures for the Construction Industry and the first phase increase under the PPF. April, May and June 2001; Figures revised in July 2001due to 2% PPF Revised Terms. March 2002; The drop in the March 2002 figure is due to a decrease in the rate of PRSI from 12% to 10¾% with effect from 1 March 2002. The index from April 2002 excludes the one-off lump sum payment equal to 1% of basic pay on 1 April 2002 under the PPF. April, May, June 2003; Figures revised in August'03 due to the backdated increase of 3% from 1April 2003 under the National Partnership Agreement 'Sustaining Progress'. The increases in April and October 2006 index are due to Social Partnership Agreement "Towards 2016". March 2011; The drop in the March 2011 figure is due to a 7.5% decrease in labour costs. Methodology in producing the Index Prior to October 2006: The index relates solely to labour and material costs which should normally not exceed 65% of the total price of a house. It does not include items such as overheads, profit, interest charges, land development etc. The House Building Cost Index monitors labour costs in the construction industry and the cost of building materials. It does not include items such as overheads, profit, interest charges or land development. The labour costs include insurance cover and the building material costs include V.A.T. Coverage: The type of construction covered is a typical 3 bed-roomed, 2 level local authority house and the index is applied on a national basis. Data Collection: The labour costs are based on agreed labour rates, allowances etc. The building material prices are collected at the beginning of each month from the same suppliers for the same representative basket. Calculation: Labour and material costs for the construction of a typical 3 bed-roomed house are weighted together to produce the index. Post October 2006: The name change from the House Building Cost Index to the House Construction Cost Index was introduced in October 2006 when the method of assessing the materials sub-index was changed from pricing a basket of materials (representative of a typical 2 storey 3 bedroomed local authority house) to the CSO Table 3 Wholesale Price Index. The new Index does maintains continuity with the old HBCI. The most current data is published on these sheets. Previously published data may be subject to revision. Any change from the originally published data will be highlighted by a comment on the cell in question. These comments will be maintained for at least a year after the date of the value change. Oct 2008 data; Decrease due to a fall in the Oct Wholesale Price Index. .hidden { display: none }

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Description:

A simple yet challenging project, to predict the housing price based on certain factors like house area, bedrooms, furnished, nearness to mainroad, etc. The dataset is small yet, it's complexity arises due to the fact that it has strong multicollinearity. Can you overcome these obstacles & build a decent predictive model?

Acknowledgement:

Harrison, D. and Rubinfeld, D.L. (1978) Hedonic prices and the demand for clean air. J. Environ. Economics and Management 5, 81–102. Belsley D.A., Kuh, E. and Welsch, R.E. (1980) Regression Diagnostics. Identifying Influential Data and Sources of Collinearity. New York: Wiley.

Objective:

• Understand the Dataset & cleanup (if required).
• Build Regression models to predict the sales w.r.t a single & multiple feature.
• Also evaluate the models & compare thier respective scores like R2, RMSE, etc.

Short-term business statistics (STS) give information on a wide range of economic activities. All STS data are index data. Additionally, annual absolute values are released for building permits indicators. Percentage changes are also available for each indicator: Infra-annual percentage changes - changes between two consecutive months or quarters - are calculated on the basis of non-adjusted data (prices) or calendar and seasonally adjusted data (volume and value indicators) and year-on-year changes - comparing a period to the same period one year ago - are calculated on the basis of non-adjusted data (prices and employment) or calendar adjusted data (volume and value indicators).

The index data are generally presented in the following forms:

• unadjusted
• calendar adjusted
• calendar and seasonally adjusted.

Depending on the EBS Regulation data are accessible as monthly, quarterly and annual data.

The STS indicators are listed below in five different sectors, reflecting the dissemination of these data in Eurostat’s online database “Eurobase”.

Based on the national data, Eurostat compiles short-term indicators for the EU and euro area. Among these, a list of indicators, called Principal European Economic Indicators (PEEIs) has been identified by key users as being of primary importance for the conduct of monetary and economic policy of the euro area. The PEEIs contributed by STS are marked with * in the text below.

The euro indicators are released through Eurostat's website.

INDUSTRY

• production (volume)*
• turnover: Total, Domestic market and Non-domestic market. A further breakdown of the non-domestic turnover into euro area and non-euro area is available for the euro area countries.
• producer prices (output prices)*: Total, Domestic market and Non-domestic market. A further breakdown of the non-domestic producer prices into euro area and non-euro area is available for the euro area countries.
• import prices*: Total, euro area market, Non euro area market (euro area countries only)
• labour input indicators: Number of employees and self-employed persons, Hours worked by employees, Gross wages and salaries

CONSTRUCTION

• production (volume)*
• building permits indicators*: number of dwellings, square meters of useful floor
• producer (output) prices in construction (if not available, they can be approximated by the construction costs variable)
• labour input indicators: number of employees and self-employed persons, hours worked by employees, gross wages and salaries

TRADE

• volume of sales (deflated turnover)*
• turnover (value)
• labour input indicators: number of employees and self-employed persons, hours worked by employees, gross wages and salaries

SERVICES

• production (volume)*
• turnover (in value)
• labour input indicators: number of employees and self-employed persons, hours worked by employees, gross wages and salaries
• producer prices (output prices)*

MARKET ECONOMY

• total market production (volume)
• registrations
• bankruptcies

National reference metadata of the reporting countries are available in the Annexes to this metadata file.

As of 2025, Zurich, Geneva, and London had some of the highest construction costs in Europe, with a price of ***** and ******U.S. dollars per square meter, respectively. Dublin was the third city at ***** U.S. dollars per square meter, closely followed by Munich and Dublin. When it comes to the construction cost of education buildings in the UK, Glasgow was more expensive than London. However, this is an exception, as generally, London is the most expensive city to build in the UK.

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

Building construction price indexes (BCPI), percent change, by type of building and construction division. Quarterly data are available from the first quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

Due to the lack of lawful mandate and a commissioning party as rationale for the existence of this table, it has been decided that this table will be discontinued after the December 2025 publication.

This table shows the value (expressed in building costs) of the construction of building projects expected shortly. It also shows the value of the actually realised monthly production of building projects. The figures relate to building projects with building costs of 50 thousand euro or more. The total building costs are broken down into building costs by building phase and by type of building.

Data available from: January 2015.

Status of the figures: Figures of the latest 12 months are provisional. Municipalities with non-response are estimated. The later received response of municipalities over previous periods have been processed in the figures of the month in which the building permit was granted. As a result, figures about the same month may vary over time. Twelve months after publication the provisional figures become definite.

Changes as of October 31, 2025: The figures of August have been added and all figures as of August 2024 may have been revised.

When will new figures be published? The new figures will be published on the last working day of the second month after the reporting month. The figures for the same reporting month of a year earlier then become final.

Comprehensive 2025 construction cost dataset for single family home projects in New York, including labor rates, material costs, permit fees, timeline data, and market trends

The historical series 'New dwellings; input price indices of building costs 2000 = 100, from 1990' shows the development of the costs (wages and materials) involved in building new dwellings in the Netherlands, and has become available by linking series which were calculated separately in the past. An input price index is based on price changes in several cost components involved in realising a product, in this case a new dwelling. Changes in other cost components such as building equipment (tools and machines), general costs, profits and risk are not included in the index. Other cost components, such as energy and transport, are also not taken into account as their influence on the final cost price is relatively modest. Land costs are also not included in the index.

From 1990 to December 1994 only figures of the materials are available. From 1995 onwards this series also includes wage figures. Also from 1995, figures are also available on total building costs by weighted aggregetion of these two series.

Data available from: - Materials: January 1990 - Wages: January 1995 - Total building costs: January 1995

Status of the figures: The price index figures for wages and the total construction costs are final until 2024. The figures for building materials are final until April 2025.

Changes as of November 29th, 2024: Since this publication, a switch has been made to a different rounding strategy, whereby the changes are calculated on unrounded index figures and annual figures are calculated from rounded and published figures. With this switch there is more consistency with other statistics on Statline and statistics from Eurostat. As a result, mutations have changed across the entire series.

Changes as of October 30th, 2025: Figures of September 2025 have been added.

When will new figures be published? New figures are published about 30 days after the month under review.

In a comparison of selected cities worldwide, New York had the highest costs for the construction of a multi-unit high-rise building in 2023. That year, such a project cost on average ***** U.S. dollars per square meter in New York, but just *** U.S. dollars per square meter in Kuala Lumpur. Sydney, London, San Francisco, and Los Angeles were also among the most expensive cities too.

Dataset Overview

This dataset is a simulated dataset containing 1,000 entries of construction cost estimates. It is designed for use in predictive modeling, machine learning, and business analytics, particularly in the construction and project management domains. The dataset includes both numerical and textual data, providing opportunities for hybrid modeling approaches that combine structured data and natural language processing.

The primary objective of this dataset is to facilitate modeling of construction cost estimation while considering policy-driven adjustments (discounts or markups). It can be used to analyze and predict how various factors, such as material costs, labor costs, and policy reasons, affect final project estimates.

Feature Descriptions

1) Material_Cost (numeric):

• Represents the cost of materials required for a construction project, measured in USD.
• Range: $10,000–$50,000.
• This is one of the primary cost components in project estimation.

2) Labor_Cost (numeric):

• Represents the labor cost involved in completing the project, measured in USD.
• Range: $5,000–$30,000.
• Indicates the cost of human resources required for the construction.

3) Profit_Rate (numeric):

• Represents the percentage of profit added to the combined material and labor costs.
• Range: 10%–30% (5 distinct values: 10%, 15%, 20%, 25%, 30%).
• Reflects the margin a company expects from the project.

4) Discount_or_Markup (numeric):

• Represents the adjustment amount applied to the project cost, measured in USD.
• Range: -$10,000 to $10,000.
• A negative value indicates a discount, and a positive value indicates a markup, based on the

5) Policy_Reason (text):

• A textual explanation (up to 50 words) justifying the discount or markup applied to the cost. Examples include: "This client is new but has potential for growth." "The client is a repeat customer, deserving a loyalty discount." "Strategic importance of this client justifies special pricing." This feature is ideal for natural language processing (NLP) applications.

6) Total_Estimate (numeric): - The final estimated project cost, calculated as:

    (Material_Cost + Labor_Cost) × (1 + Profit_Rate/100) + Discount_or_Markup

• Represents the overall cost of the project after including the profit margin and any adjustments

Graph and download economic data for Producer Price Index by Industry: New Office Building Construction (PCU236223236223) from Jun 2006 to Sep 2025 about buildings, construction, new, PPI, industry, inflation, price index, indexes, price, and USA.

Chile Average Building Cost Index data was reported at 5,982.050 1978=100 in Dec 2018. This records an increase from the previous number of 5,950.946 1978=100 for Nov 2018. Chile Average Building Cost Index data is updated monthly, averaging 2,672.270 1978=100 from Jan 1990 (Median) to Dec 2018, with 348 observations. The data reached an all-time high of 5,982.050 1978=100 in Dec 2018 and a record low of 795.360 1978=100 in Jan 1990. Chile Average Building Cost Index data remains active status in CEIC and is reported by Chilean Construction Chamber. The data is categorized under Global Database’s Chile – Table CL.EA004: Building Cost Index. Measures th monthly evolution of construction cost of a house in Greater Santiago, calculated based on a set of 73 homes of 69.8 sq m.

House Building Costs Index: Labor and Material data was reported at 211.400 Jan1991=100 in Aug 2017. This stayed constant from the previous number of 211.400 Jan1991=100 for Jul 2017. House Building Costs Index: Labor and Material data is updated monthly, averaging 115.900 Jan1991=100 from Jan 1975 (Median) to Aug 2017, with 512 observations. The data reached an all-time high of 211.400 Jan1991=100 in Aug 2017 and a record low of 18.300 Jan1991=100 in Jan 1975. House Building Costs Index: Labor and Material data remains active status in CEIC and is reported by Department of Housing, Local Government and Heritage. The data is categorized under Global Database’s Ireland – Table IE.EA006: House Building Cost Index (Discontinued).

New York was one of the cities worldwide with the highest construction costs for high rise offices as of the third quarter of 2023. The average price of building a high rise office in London amounted to over ***** U.S. dollars per square meter, while the cost for that same type of building in Johannesburg was *** U.S. dollars per square meter. The cost of multi-unit high rise buildings were also the most expensive in New York.

This table contains monthly figures on the input price index of new dwellings; input price indices building costs to monitor the costs of new dwellings (labour and materials) in the Netherlands.

An input price index is determined on the basis of price changes of the various cost components making up the product - in this case a new dwelling. Changes in the prices of building equipment (tools and machinery), general costs, profit and risk are not included in the input price index. Other cost components, such as energy and transport, are also not taken into account as their influence on the final cost price is relatively modest. Land costs are also not included in the index.

Data available from: January 2018

Status of the figures: The price index figures for wages and the total construction costs are final until 2024. The figures for building materials are final until May 2025.

Changes as of November 28th, 2025: Figures for October 2025 have been added. Due to an improvement in the calculation method, some index figures are revised by a maximum of 0.4 index point. The improvement relates to the aggregation of sub series.

Changes as of November 29th, 2024: Since this publication, a switch has been made to a different rounding strategy, whereby the changes are calculated on unrounded index figures and annual figures are calculated from rounded and published figures. With this switch there is more consistency with other statistics on Statline and statistics from Eurostat. As a result, mutations have changed across the entire series.

When will new figures be published? New figures are published about 30 days after the month under review.

Explore the factors affecting steel building prices, including size, design, material quality, location, and market conditions. Understand how these variables influence costs to make informed financial decisions for your construction project.

Comprehensive 2025 construction cost dataset for multi-family home projects in Minnesota, including labor rates, material costs, permit fees, timeline data, and market trends

This table provides information on price developments in the construction industry. Data were calculated by Statistic Netherlands (CBS) and are based on building permits with a value of 50 thousand euros or more issued by municipal authorities, and the reported construction costs as stated in the permits. On the basis of these building permits and the construction time, construction output is calculated by means of average waiting times prior to the start of the construction activities. Price indices listed in the table are used to eliminate the effect of price changes on the construction output. Therefore, the price index can be used to as a deflator to calculate volume developments in the building sector. Price indices are calculated for two sections (Construction of new buildings and Other buildings) and three sectors (dwellings, buildings for the private sector and buildings for the (semi-)public or non-commercial sector).

Data available from: 1st quarter 2015

Status of the figures: Price index figures up to and including the 3rd quarter 2024 are final.

Changes since 30 October 2025: The figures of the 3rd quarter 2025 have been added to the table.

When will new figures become available? Provisional figures for the 4th quarter of 2025 will be released in January 2026.

This dataset contains the indices of UK hourly Construction Wage Costs (quarterly; not seasonally adjusted; 2000 = 100) and UK Construction Material Prices for New Housing, Other New Work, Repair and Maintenance, and All Work (monthly; 2010 = 100). Construction Material Prices The construction market intelligence (CMI) unit publication, ‘Monthly statistics of building materials and components’, presents the latest detailed information on selected building materials and contains monthly data on price indices, bricks, cement and concrete blocks. It also contains quarterly data on sand and gravel, slate, concrete roofing tiles, ready-mixed concrete and imports and exports of construction products. Data are derived from a Department for Business, Innovation & Skills monthly Building Materials and Components statistical release. Construction Wage Costs The Index of Labour Costs per Hour (ILCH) is a measure of the cost of having an employee for an hour of work. It represents the total cost of employing an individual, which is primarily the earnings of the employee, but also includes non-wage costs. It is also known as the Labour Cost Index (LCI); the index is produced by all member countries of the EU and collated by Eurostat. Data are derived from ONS data releases found here.