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.

In the first quarter of 2025, San Francisco, Chicago, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at *** U.S. dollars per square foot and Las Vegas for single-family homes between *** and *** U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over ***** more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over **** percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.

New York had one of the highest construction costs for prime offices in the United States, at over 660 U.S. dollars per square foot on average. In addition to the 541-meter One World Trade Center building, New York City also has some of the tallest skyscrapers in the United States. What element affect construction costs? Location and topography have a big impact on construction costs, for example, earthquake-prone zones have more stringent building requirements which will affect cost of materials, supplies, and labor. Increased interest in sustainability has also prompted sustainable certification across the country, most noticeably as LEED-registered offices. Slow growth of the office construction segmentThe value of new private office construction in the U.S. has kept rising in the past years, but at a slower rate than before 2019. The changes in the way people work, with part of the workforce working from home at least part of their week might have hindered investment in office real estate.

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the first quarter of 1982. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2017=100).

As of the third quarter 2024, New York had some of the highest construction costs for center retail shopping facilities, at about 518 U.S. dollars per square foot. Meanwhile, Phoenix had one of the lowest costs in the country, with an average cost for the construction of a retail strip would average about 158 U.S. dollars per square foot in Denver. Changing retail construction After several years in a row of falling spending on new retail real estate, the value of the retail construction in the U.S. by the private sector has risen significantly between 2021 and 2023. The south was the U.S. region with shopping center real estate under construction at significant distance from the West of the country.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in the United States (MEDLISPRIPERSQUFEEUS) from Jul 2016 to Jul 2025 about square feet, listing, median, price, and USA.

In the third quarter of 2024, the city with the highest costs for the construction of a 5-star hotel in the United States is Honolulu at 768 U.S. dollars per square foot. A 3-star hotel in Phoenix, Arizona, on the other hand, cost on average of 268 U.S. dollars per square foot. The average construction costs of housing in those U.S. cities was similarly distributed. Construction costs of hotels In the construction of a hotel, there are a variety of factors to consider such as room amenities, additional on-site services, and interiors. Nevertheless, some of the most important elements that can determine the cost of a building are the salary of workers, the cost of the equipment, and the price of raw materials and appliances. Generally, construction cost figures include the foundation, roof, windows, exterior and interior walls, bathrooms, and heating and cooling systems, among other factors. Hotel projects tend to use higher quality techniques and materials to minimize the need for repair or replacements. Hotel construction pipeline worldwide Some of the cities with the most rooms under construction were in China and in the United States. Meanwhile, Cancún was the city leading the hotel construction pipeline in Latin America, with figures that were much higher than those for the rest of the cities included in the ranking. One of the tallest skyscrapers under construction in the U.S. was the Waldorf Astoria Hotel and Residences in Miami.

In the last quarter of 2024, Portland was one of the U.S. cities with the most expensive average construction cost for industrial warehouses. Constructing a warehouse in that city could have a cost that ranged between 220 and 305 U.S. dollars per square foot. It was followed by Honolulu and San Francisco, although at some distance. Meanwhile, Las Vegas and Phoenix were the least expensive cities to build warehouses. The most expensive U.S. cities to construct residential buildings were New York, Honolulu and San Francisco.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting ****** U.S. dollars per square foot in 2024. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

Housing Index in Philippines increased to 12668.86 PHP/SQ. METRE in May from 12224.02 PHP/SQ. METRE in April of 2025. This dataset provides - Philippines Housing Sales - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil Construction Cost data was reported at 1,818.640 BRL/sq m in Apr 2025. This records an increase from the previous number of 1,810.250 BRL/sq m for Mar 2025. Brazil Construction Cost data is updated monthly, averaging 854.130 BRL/sq m from Mar 1986 (Median) to Apr 2025, with 470 observations. The data reached an all-time high of 14,030,088.660 BRL/sq m in Jul 1993 and a record low of 187.160 BRL/sq m in Jan 1989. Brazil Construction Cost data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Global Database’s Brazil – Table BR.EA004: Construction Cost: Average: by Region and State. Average costs at the level of Federation Units: Costs are estimated by the weighted average of the costs of residential projects with a normal finishing standard; For this calculation, the weight (relative importance) of each project is considered in the most populous municipality of each geographic area.

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the second 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).

The historical series 'New dwellings; output price indices building costs 2000=100, since 1914' shows cost developments of residential building through time and has become available by linking series which were calculated separately in the past. From 1914 up to and including the 4th quarter of 1991, the indices are based on the analysis of council housing data carried out by the Ministry of Housing, Spatial Planning and the Environment. Subsequently, until 1995, index figures are based on the number of building permits issued in the council housing sector. Since 1995, they are based on data from building permits of all dwellings. Data available from: Data including VAT are available from 1914 and excluding VAT from 1969. In the historical series, annual figures are only available for the period 1914-1949. From 1950 onwards, quarterly figures are also available. Status of the figures: The historical series with base year 2000=100 was calculated for the first time in January 2010. Because the historical series 2000=100 is calculated by linking successive, independent series, it is in fact an estimate. Price differences as a result of changes in realisation and quality are eliminated as much as possible within the original series. The figures remain preliminary four quarters before they become definite. Changes as of March 28th 2025: The figures of the 4th quarter of 2023 are modified into definitive figures. Furthermore the figures of the 4th quarter of 2024 are added. When will new figures become available? Provisional figures for the 1st quarter of 2025 will be released in June 2025.

The construction cost of most non-residential buildings in the United States increased significantly in 2023. However, growth rates were not as high as in 2022, a year in which the price of building a warehouse rose the most, with a growth rate of over 28 percent. Before that, the price increases had been relatively steady. The cost of construction trades in the U.S. also increased a lot in 2022.

Housing Index in Spain increased to 2033 EUR/SQ. METRE in the first quarter of 2025 from 1972.10 EUR/SQ. METRE in the fourth quarter of 2024. This dataset provides the latest reported value for - Spain House Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Construction Cost: State: Sao Paulo data was reported at 1,914.970 BRL/sq m in Apr 2025. This records an increase from the previous number of 1,914.580 BRL/sq m for Mar 2025. Construction Cost: State: Sao Paulo data is updated monthly, averaging 921.950 BRL/sq m from Mar 1986 (Median) to Apr 2025, with 470 observations. The data reached an all-time high of 15,096,935.700 BRL/sq m in Jul 1993 and a record low of 205.080 BRL/sq m in Jan 1989. Construction Cost: State: Sao Paulo data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Global Database’s Brazil – Table BR.EA004: Construction Cost: Average: by Region and State. Average costs at the level of Federation Units: Costs are estimated by the weighted average of the costs of residential projects with a normal finishing standard; For this calculation, the weight (relative importance) of each project is considered in the most populous municipality of each geographic area.

United States Price per Square: New Construction: All Residential data was reported at 219.000 USD in Mar 2023. This records an increase from the previous number of 216.000 USD for Feb 2023. United States Price per Square: New Construction: All Residential data is updated monthly, averaging 155.000 USD from Jan 2012 (Median) to Mar 2023, with 135 observations. The data reached an all-time high of 229.000 USD in Jul 2022 and a record low of 114.000 USD in Mar 2012. United States Price per Square: New Construction: All Residential data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB115: Median Home Sale Price per Square Foot.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Texas (MEDLISPRIPERSQUFEETX) from Jul 2016 to Jul 2025 about square feet, TX, listing, median, price, and USA.

Morocco New Construction Price: Average: TT: Industrial and Commercial Buildings data was reported at 1,800.000 MAD/sq m in 2015. This records an increase from the previous number of 1,694.000 MAD/sq m for 2014. Morocco New Construction Price: Average: TT: Industrial and Commercial Buildings data is updated yearly, averaging 1,316.000 MAD/sq m from Dec 1994 (Median) to 2015, with 22 observations. The data reached an all-time high of 1,927.000 MAD/sq m in 2013 and a record low of 1,000.000 MAD/sq m in 2003. Morocco New Construction Price: Average: TT: Industrial and Commercial Buildings data remains active status in CEIC and is reported by High Commission for Planning. The data is categorized under Global Database’s Morocco – Table MA.P003: New Construction Price: Average: Annual.

Bulgaria - Construction cost of new residential buildings was 2.90 % year-on-year in March of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Construction cost of new residential buildings - last updated from the EUROSTAT on August of 2025. Historically, Bulgaria - Construction cost of new residential buildings reached a record high of 67.10 % year-on-year in September of 2022 and a record low of 1.30 % year-on-year in September of 2020.