Increase in construction costs
Published:
The construction costs of residential buildings increased by 0.4 per cent from April to May this year. Labour costs rose by 0.9 per cent in the same period.
- Full set of figures
- Construction cost index for residential buildings
- Series archive
- Construction cost index for residential buildings (archive)
Wage statistics for the first quarter of 2017 are included in the construction costs of May 2017.
From May 2016 to May 2017, the construction costs of detached houses of wood and multi-dwelling houses increased by 2.6 and 2.8 per cent respectively.
Figure 1. Construction cost index for residential buildings. Percentage change from the same month one year before
| Residential buildings | Detached houses of wood | Multi-dwelling houses | |
| Jan. 2004 | 2.3 | 2.3 | 2.3 |
| Feb. 2004 | 1.9 | 2.0 | 1.2 |
| Mars 2004 | 2.0 | 2.1 | 1.7 |
| April 2004 | 2.5 | 2.6 | 2.5 |
| May 2004 | 2.9 | 2.8 | 3.2 |
| June 2004 | 3.2 | 3.2 | 3.8 |
| July 2004 | 3.6 | 3.5 | 4.4 |
| Aug. 2004 | 3.4 | 3.1 | 4.2 |
| Sept. 2004 | 3.4 | 3.2 | 4.2 |
| Oct. 2004 | 3.4 | 3.1 | 4.3 |
| Nov. 2004 | 3.6 | 3.3 | 4.5 |
| Dec. 2004 | 3.8 | 3.6 | 4.7 |
| Jan. 2005 | 3.7 | 3.5 | 4.5 |
| Feb. 2005 | 3.8 | 3.6 | 4.6 |
| Mars 2005 | 3.9 | 3.7 | 4.4 |
| April 2005 | 3.5 | 3.3 | 4.1 |
| May 2005 | 3.6 | 3.5 | 4.1 |
| June 2005 | 3.2 | 3.1 | 3.7 |
| July 2005 | 3.0 | 2.9 | 3.4 |
| Aug. 2005 | 3.1 | 3.0 | 3.6 |
| Sept. 2005 | 3.0 | 2.9 | 3.5 |
| Oct. 2005 | 3.2 | 3.1 | 3.5 |
| Nov. 2005 | 3.9 | 3.7 | 4.4 |
| Dec. 2005 | 3.0 | 2.9 | 3.5 |
| Jan. 2006 | 3.0 | 2.9 | 3.5 |
| Feb. 2006 | 3.0 | 2.7 | 3.4 |
| Mars 2006 | 2.9 | 2.6 | 3.5 |
| April 2006 | 3.0 | 2.9 | 3.7 |
| May 2006 | 3.2 | 3.0 | 4.0 |
| June 2006 | 3.5 | 3.2 | 4.1 |
| July 2006 | 3.5 | 3.3 | 4.1 |
| Aug. 2006 | 3.7 | 3.5 | 4.2 |
| Sept. 2006 | 3.7 | 3.5 | 4.3 |
| Oct. 2006 | 4.7 | 4.5 | 5.1 |
| Nov. 2006 | 5.2 | 5.2 | 5.4 |
| Dec. 2006 | 5.5 | 5.4 | 5.6 |
| Jan. 2007 | 6.2 | 6.4 | 5.8 |
| Feb. 2007 | 6.3 | 6.6 | 5.8 |
| Mars 2007 | 6.3 | 6.7 | 5.7 |
| April 2007 | 7.6 | 8.5 | 6.3 |
| May 2007 | 7.9 | 9.0 | 6.2 |
| June 2007 | 7.9 | 9.0 | 6.1 |
| July 2007 | 7.8 | 8.9 | 6.0 |
| Aug. 2007 | 7.9 | 9.0 | 6.2 |
| Sept. 2007 | 8.0 | 9.1 | 6.3 |
| Oct. 2007 | 7.4 | 8.5 | 5.6 |
| Nov. 2007 | 7.6 | 8.6 | 6.0 |
| Dec. 2007 | 7.6 | 8.5 | 6.2 |
| Jan. 2008 | 7.1 | 7.5 | 6.4 |
| Feb. 2008 | 7.2 | 7.6 | 6.6 |
| Mars 2008 | 7.2 | 7.4 | 6.8 |
| April 2008 | 6.0 | 5.8 | 6.3 |
| May 2008 | 5.5 | 5.0 | 6.0 |
| June 2008 | 5.4 | 4.9 | 6.2 |
| July 2008 | 5.5 | 5.0 | 6.4 |
| Aug. 2008 | 5.7 | 5.1 | 6.6 |
| Sept. 2008 | 5.4 | 4.8 | 6.3 |
| Oct. 2008 | 5.3 | 4.6 | 6.6 |
| Nov. 2008 | 4.4 | 3.8 | 5.3 |
| Dec. 2008 | 3.9 | 3.4 | 4.6 |
| Jan. 2009 | 3.4 | 3.2 | 3.9 |
| Feb. 2009 | 3.1 | 3.0 | 3.4 |
| Mars 2009 | 2.8 | 2.7 | 3.0 |
| April 2009 | 2.4 | 2.4 | 2.6 |
| May 2009 | 2.2 | 2.2 | 2.2 |
| June 2009 | 2.1 | 2.2 | 1.9 |
| July 2009 | 2.0 | 2.2 | 1.8 |
| Aug. 2009 | 2.1 | 2.3 | 1.5 |
| Sept. 2009 | 2.3 | 2.7 | 1.6 |
| Oct. 2009 | 2.1 | 2.6 | 1.2 |
| Nov. 2009 | 1.5 | 2.0 | 0.6 |
| Dec. 2009 | 1.8 | 2.3 | 1.0 |
| Jan. 2010 | 2.0 | 2.4 | 1.2 |
| Feb. 2010 | 2.5 | 2.7 | 1.9 |
| Mars 2010 | 2.8 | 3.1 | 2.4 |
| April 2010 | 3.4 | 3.5 | 3.0 |
| May 2010 | 3.8 | 3.9 | 3.4 |
| June 2010 | 3.7 | 3.9 | 3.3 |
| July 2010 | 3.6 | 3.7 | 3.2 |
| Aug. 2010 | 3.2 | 3.3 | 2.8 |
| Sept. 2010 | 3.0 | 3.1 | 2.8 |
| Oct. 2010 | 3.2 | 3.2 | 3.0 |
| Nov. 2010 | 3.6 | 3.5 | 3.6 |
| Dec. 2010 | 3.6 | 3.6 | 3.6 |
| Jan. 2011 | 4.0 | 3.9 | 4.1 |
| Feb. 2011 | 3.7 | 3.6 | 3.9 |
| Mars 2011 | 3.8 | 3.7 | 3.9 |
| April 2011 | 3.5 | 3.4 | 3.7 |
| May 2011 | 3.6 | 3.6 | 3.7 |
| June 2011 | 3.7 | 3.7 | 4.0 |
| July 2011 | 3.7 | 3.7 | 4.0 |
| Aug. 2011 | 3.6 | 3.6 | 3.9 |
| Sept. 2011 | 3.5 | 3.4 | 3.8 |
| Oct. 2011 | 3.6 | 3.5 | 3.7 |
| Nov. 2011 | 3.5 | 3.6 | 3.8 |
| Dec. 2011 | 3.5 | 3.5 | 3.7 |
| Jan. 2012 | 3.3 | 3.4 | 3.3 |
| Feb. 2012 | 3.3 | 3.4 | 3.1 |
| Mars 2012 | 3.2 | 3.3 | 3.1 |
| April 2012 | 3.2 | 3.4 | 2.9 |
| May 2012 | 2.9 | 3.1 | 2.7 |
| June 2012 | 2.8 | 2.9 | 2.5 |
| July 2012 | 2.9 | 3.1 | 2.5 |
| Aug. 2012 | 3.3 | 3.4 | 2.8 |
| Sept. 2012 | 3.3 | 3.5 | 2.9 |
| Oct. 2012 | 3.0 | 3.2 | 2.8 |
| Nov. 2012 | 3.0 | 3.1 | 2.9 |
| Dec. 2012 | 3.0 | 3.1 | 2.8 |
| Jan. 2013 | 3.1 | 3.1 | 3.0 |
| Feb. 2013 | 3.1 | 3.1 | 3.0 |
| Mars 2013 | 2.7 | 2.7 | 2.7 |
| April 2013 | 2.7 | 2.6 | 2.8 |
| May 2013 | 2.9 | 2.8 | 3.0 |
| June 2013 | 2.9 | 3.0 | 3.0 |
| July 2013 | 2.9 | 2.8 | 3.0 |
| Aug. 2013 | 3.0 | 2.9 | 3.2 |
| Sept. 2013 | 2.9 | 2.8 | 3.0 |
| Oct. 2013 | 2.8 | 2.8 | 3.0 |
| Nov. 2013 | 2.8 | 2.7 | 2.6 |
| Dec. 2013 | 2.8 | 2.8 | 2.7 |
| Jan. 2014 | 2.7 | 2.8 | 2.5 |
| Feb. 2014 | 2.9 | 3.0 | 2.7 |
| Mars 2014 | 2.9 | 3.0 | 2.8 |
| April 2014 | 3.8 | 4.1 | 3.1 |
| May 2014 | 3.6 | 4.1 | 2.9 |
| June 2014 | 3.6 | 4.0 | 2.9 |
| July 2014 | 3.6 | 4.0 | 2.9 |
| Aug. 2014 | 3.3 | 3.7 | 2.6 |
| Sept. 2014 | 3.4 | 3.8 | 2.7 |
| Oct. 2014 | 3.4 | 3.7 | 2.7 |
| Nov. 2014 | 3.3 | 3.6 | 2.7 |
| Dec. 2014 | 3.3 | 3.6 | 2.7 |
| Jan. 2015 | 3.3 | 3.5 | 2.7 |
| Feb. 2015 | 3.1 | 3.4 | 2.6 |
| Mars 2015 | 3.2 | 3.5 | 2.5 |
| April 2015 | 2.5 | 2.7 | 2.2 |
| May 2015 | 2.5 | 2.6 | 2.2 |
| June 2015 | 2.4 | 2.5 | 2.1 |
| July 2015 | 2.4 | 2.6 | 2.2 |
| Aug. 2015 | 2.3 | 2.5 | 1.9 |
| Sept. 2015 | 2.3 | 2.4 | 1.8 |
| Oct. 2015 | 2.4 | 2.5 | 2.0 |
| Nov. 2015 | 2.2 | 2.2 | 2.0 |
| Dec. 2015 | 2.1 | 2.2 | 2.0 |
| Jan. 2016 | 2.1 | 2.2 | 1.9 |
| Feb. 2016 | 1.9 | 1.9 | 1.8 |
| Mars 2016 | 1.8 | 1.8 | 1.8 |
| April 2016 | 2.3 | 2.3 | 2.0 |
| May 2016 | 2.4 | 2.5 | 2.3 |
| June 2016 | 2.5 | 2.5 | 2.4 |
| July 2016 | 2.6 | 2.6 | 2.6 |
| Aug. 2016 | 2.8 | 2.8 | 2.8 |
| Sept. 2016 | 2.7 | 2.7 | 2.7 |
| Oct. 2016 | 2.8 | 2.8 | 2.7 |
| Nov. 2016 | 2.8 | 2.9 | 2.7 |
| Dec. 2016 | 3.0 | 3.0 | 2.9 |
| Jan. 2017 | 2.9 | 2.9 | 2.9 |
| Feb. 2017 | 3.0 | 3.0 | 2.9 |
| Mars 2017 | 3.1 | 3.1 | 3.2 |
| April 2017 | 2.7 | 2.6 | 2.9 |
| May 2017 | 2.7 | 2.6 | 2.8 |
Figure 2. Construction cost index for residential buildings. Material indices for timber, concrete and steel. 2005=100
| Timber | Concrete | Reinforcement steel | |
| Jan. 2005 | 99.8 | 98.5 | 101.5 |
| Feb. 2005 | 99.4 | 99.1 | 101.9 |
| Mars 2005 | 99.4 | 99.4 | 101.3 |
| April 2005 | 99.8 | 100.0 | 100.8 |
| May 2005 | 99.5 | 100.0 | 100.7 |
| June 2005 | 100.0 | 100.4 | 99.3 |
| July 2005 | 100.2 | 100.6 | 99.0 |
| Aug. 2005 | 100.2 | 100.6 | 98.9 |
| Sept. 2005 | 100.2 | 100.0 | 98.5 |
| Oct. 2005 | 100.5 | 100.5 | 99.7 |
| Nov. 2005 | 100.4 | 100.6 | 99.6 |
| Dec. 2005 | 100.5 | 100.5 | 98.7 |
| Jan. 2006 | 101.2 | 102.7 | 97.9 |
| Feb. 2006 | 101.1 | 103.6 | 97.6 |
| Mars 2006 | 101.1 | 103.8 | 97.6 |
| April 2006 | 102.3 | 104.3 | 98.6 |
| May 2006 | 102.5 | 104.0 | 99.7 |
| June 2006 | 102.6 | 104.3 | 101.5 |
| July 2006 | 102.7 | 104.5 | 104.4 |
| Aug. 2006 | 102.6 | 104.7 | 104.8 |
| Sept. 2006 | 102.8 | 104.6 | 105.4 |
| Oct. 2006 | 106.4 | 104.5 | 109.4 |
| Nov. 2006 | 106.6 | 104.5 | 109.4 |
| Dec. 2006 | 107.0 | 104.6 | 109.2 |
| Jan. 2007 | 115.9 | 107.1 | 109.2 |
| Feb. 2007 | 117.2 | 107.8 | 110.9 |
| Mars 2007 | 117.4 | 109.3 | 112.2 |
| April 2007 | 130.2 | 109.8 | 113.3 |
| May 2007 | 132.5 | 110.4 | 113.8 |
| June 2007 | 132.4 | 110.5 | 121.0 |
| July 2007 | 133.1 | 110.5 | 121.1 |
| Aug. 2007 | 133.1 | 110.5 | 121.2 |
| Sept. 2007 | 133.3 | 110.9 | 120.7 |
| Oct. 2007 | 134.1 | 110.9 | 120.5 |
| Nov. 2007 | 134.7 | 111.6 | 119.8 |
| Dec. 2007 | 134.8 | 112.8 | 119.8 |
| Jan. 2008 | 134.0 | 114.2 | 119.8 |
| Feb. 2008 | 133.8 | 114.9 | 120.9 |
| Mars 2008 | 132.7 | 115.4 | 122.1 |
| April 2008 | 131.1 | 116.2 | 131.4 |
| May 2008 | 129.9 | 116.1 | 134.5 |
| June 2008 | 128.4 | 116.1 | 150.8 |
| July 2008 | 128.3 | 116.3 | 154.7 |
| Aug. 2008 | 127.1 | 116.7 | 154.0 |
| Sept. 2008 | 126.3 | 117.4 | 153.1 |
| Oct. 2008 | 123.3 | 117.2 | 150.3 |
| Nov. 2008 | 121.8 | 117.3 | 143.7 |
| Dec. 2008 | 121.3 | 117.4 | 142.0 |
| Jan. 2009 | 119.6 | 118.6 | 136.6 |
| Feb. 2009 | 118.4 | 118.6 | 129.4 |
| Mars 2009 | 117.6 | 119.1 | 125.6 |
| April 2009 | 116.3 | 120.3 | 122.9 |
| May 2009 | 114.8 | 120.3 | 113.8 |
| June 2009 | 114.6 | 121.0 | 113.5 |
| July 2009 | 116.2 | 121.0 | 113.6 |
| Aug. 2009 | 119.5 | 121.4 | 114.2 |
| Sept. 2009 | 123.3 | 121.3 | 114.1 |
| Oct. 2009 | 125.3 | 122.7 | 114.5 |
| Nov. 2009 | 126.0 | 122.6 | 113.1 |
| Dec. 2009 | 125.9 | 123.4 | 112.2 |
| Jan. 2010 | 125.7 | 122.8 | 111.2 |
| Feb. 2010 | 125.7 | 122.7 | 111.3 |
| Mars 2010 | 125.8 | 123.0 | 111.1 |
| April 2010 | 127.9 | 124.1 | 118.5 |
| May 2010 | 127.7 | 124.6 | 121.2 |
| June 2010 | 127.6 | 124.6 | 126.8 |
| July 2010 | 127.7 | 124.7 | 128.8 |
| Aug. 2010 | 128.5 | 124.8 | 129.4 |
| Sept. 2010 | 128.9 | 125.6 | 129.5 |
| Oct. 2010 | 129.9 | 125.4 | 129.7 |
| Nov. 2010 | 130.4 | 125.6 | 125.8 |
| Dec. 2010 | 130.5 | 125.6 | 126.0 |
| Jan. 2011 | 130.5 | 126.8 | 128.3 |
| Feb. 2011 | 130.1 | 127.2 | 130.1 |
| Mars 2011 | 130.1 | 128.0 | 138.7 |
| April 2011 | 129.9 | 128.1 | 138.2 |
| May 2011 | 131.3 | 128.3 | 138.1 |
| June 2011 | 132.2 | 128.3 | 139.5 |
| July 2011 | 132.3 | 128.4 | 139.4 |
| Aug. 2011 | 132.3 | 128.7 | 139.7 |
| Sept. 2011 | 132.5 | 128.5 | 138.8 |
| Oct. 2011 | 133.5 | 128.6 | 138.8 |
| Nov. 2011 | 132.9 | 128.8 | 138.6 |
| Dec. 2011 | 132.9 | 129.3 | 138.0 |
| Jan. 2012 | 132.5 | 132.6 | 138.5 |
| Feb. 2012 | 132.5 | 133.5 | 138.8 |
| Mars 2012 | 132.6 | 134.0 | 138.7 |
| April 2012 | 133.4 | 134.3 | 139.4 |
| May 2012 | 133.4 | 134.5 | 139.0 |
| June 2012 | 133.4 | 134.8 | 138.7 |
| July 2012 | 134.7 | 135.0 | 138.1 |
| Aug. 2012 | 134.8 | 135.3 | 138.0 |
| Sept. 2012 | 135.0 | 135.1 | 138.2 |
| Oct. 2012 | 135.6 | 135.4 | 137.7 |
| Nov. 2012 | 135.6 | 135.4 | 137.3 |
| Dec. 2012 | 135.6 | 135.4 | 137.2 |
| Jan. 2013 | 135.8 | 138.2 | 136.9 |
| Feb. 2013 | 135.9 | 139.3 | 136.8 |
| Mars 2013 | 135.8 | 139.8 | 135.0 |
| April 2013 | 135.1 | 139.7 | 134.9 |
| May 2013 | 135.0 | 140.2 | 134.7 |
| June 2013 | 136.2 | 140.2 | 128.8 |
| July 2013 | 136.5 | 140.3 | 128.6 |
| Aug. 2013 | 136.3 | 140.7 | 129.4 |
| Sept. 2013 | 136.3 | 140.7 | 129.2 |
| Oct. 2013 | 137.9 | 140.9 | 129.0 |
| Nov. 2013 | 138.6 | 140.9 | 128.5 |
| Dec. 2013 | 139.6 | 140.9 | 129.1 |
| Jan. 2014 | 140.2 | 142.3 | 129.7 |
| Feb. 2014 | 140.6 | 143.1 | 129.8 |
| Mars 2014 | 140.5 | 143.3 | 130.3 |
| April 2014 | 152.0 | 144.3 | 132.4 |
| May 2014 | 152.4 | 144.8 | 132.6 |
| June 2014 | 152.9 | 144.8 | 132.5 |
| July 2014 | 153.0 | 144.8 | 132.5 |
| Aug. 2014 | 153.0 | 144.8 | 133.5 |
| Sept. 2014 | 153.1 | 144.9 | 133.3 |
| Oct. 2014 | 153.2 | 145.0 | 133.3 |
| Nov. 2014 | 153.4 | 145.0 | 133.2 |
| Dec. 2014 | 153.4 | 145.1 | 133.1 |
| Jan. 2015 | 153.4 | 147.5 | 136.0 |
| Feb. 2015 | 153.4 | 147.8 | 138.3 |
| Mars 2015 | 153.4 | 148.1 | 138.0 |
| April 2015 | 152.3 | 148.6 | 137.9 |
| May 2015 | 152.4 | 148.8 | 138.6 |
| June 2015 | 152.4 | 148.9 | 138.9 |
| July 2015 | 152.3 | 148.8 | 139.3 |
| Aug. 2015 | 152.6 | 148.9 | 139.6 |
| Sept. 2015 | 152.5 | 149.6 | 141.7 |
| Oct. 2015 | 152.6 | 149.6 | 140.8 |
| Nov. 2015 | 152.8 | 149.8 | 140.2 |
| Dec. 2015 | 152.8 | 149.8 | 140.5 |
| Jan. 2016 | 152.2 | 150.3 | 140.0 |
| Feb. 2016 | 152.4 | 150.5 | 139.7 |
| Mars 2016 | 152.5 | 150.8 | 139.3 |
| April 2016 | 158.1 | 151.2 | 141.5 |
| May 2016 | 157.7 | 151.4 | 143.5 |
| June 2016 | 157.8 | 152.4 | 150.3 |
| July 2016 | 157.7 | 152.8 | 150.5 |
| Aug. 2016 | 157.9 | 152.9 | 149.7 |
| Sept. 2016 | 157.9 | 152.5 | 149.6 |
| Oct. 2016 | 160.8 | 152.1 | 150.1 |
| Nov. 2016 | 161.1 | 152.2 | 144.2 |
| Dec. 2016 | 161.4 | 152.2 | 147.7 |
| Jan. 2017 | 161.3 | 153.6 | 148.9 |
| Feb. 2017 | 161.2 | 153.3 | 152.3 |
| Mars 2017 | 161.2 | 153.6 | 151.0 |
| April 2017 | 165.4 | 154.6 | 152.3 |
| May 2017 | 166.4 | 154.7 | 154.7 |
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