The General Construction Cost Index increased in the fourth quarter of 2020 by 0.05%, compared to the previous quarter, as the prices of materials used in construction of buildings was increased by 0.08% due to the rise of the prices of Manufacturing by 0.10%.<\/p>\n
The prices of construction costs increased by 0.05% for residential buildings as the prices of materials used in the construction of residential buildings increased by 0.08% due to the rise of the prices of Manufacturing by 0.11%.<\/p>\n
The General Index of Construction Costs increased by 0.04% for non-residential buildings due to the rise of the prices of materials used in the construction of non-residential buildings by 0.07% as a result of the rise of the prices of Manufacturing by 0.10%.<\/p>\n
Comparing the Construction Cost Index of the Fourth Quarter of 2020 with that of the Fourth Quarter of 2019, a drop of 1.44% of construction prices is noted as a result of drop of prices of materials used in the construction of buildings by 2.43% due to the drop of prices of Mining and Quarrying by 2.08% and Manufacturing by 2.45%.<\/p>\n
The construction costs of residential buildings dropped by 1.50% due to the drop of prices of materials used in the construction of residential buildings by 2.46% as a result of the drop of the prices of Mining and Quarrying by 2.07% and Manufacturing by 2.49%.<\/p>\n
The Construction Cost Index dropped by 1.23% for non-residential buildings due to the drop of\u00a0 the prices of materials used in the construction of non-residential buildings by 2.31% as a result of the drop of prices of Mining and Quarrying by 2.10% and Manufacturing by 2.32%.<\/p>\n
Whereas the prices of Hiring of Equipment, Labour Wages and Other Costs were stabilized for all types of buildings since during 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"
The General Construction Cost Index increased in the fourth quarter of 2020 by 0.05%, compared to the previous quarter, as the prices of materials used in construction of buildings was increased by 0.08% due to the rise of the prices of Manufacturing by 0.10%. The prices of construction costs increased by 0.05% for residential buildings […]<\/p>\n","protected":false},"author":1,"featured_media":59946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-59974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/59974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=59974"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/59974\/revisions"}],"predecessor-version":[{"id":59975,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/59974\/revisions\/59975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/59946"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=59974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=59974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=59974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}