Analytics, Construction, Lithuania, Real Estate

Fig. 1. Monthly changes in construction input prices as compared to the previous month

In June 2009, against May, the strongest impact on the total construction input price change was made by a 0.9% decrease in prices for building materials and products, as well as a 1.5% decrease in wages and salaries and overheads. The overall price change was also influenced by a 0.7% decrease in hourly labour costs on operation of construction machines and mechanisms.

The change in prices for building materials and products was mostly conditioned by a 1.9% decrease in prices for insulation materials and various kinds of concrete and mortar, 0.9% – basic building materials. Prices for metallic products, windows and doors in June decreased by 1.1%, plumbing materials – 0.7%, pipes – 0.5%.

Over the year (June 2009, against June 2008), construction input prices decreased by 12.8%. Construction costs of residential buildings decreased the most – by 17.2%.

Fig. 2. Annual changes in construction input prices as compared to the corresponding month of the previous year

Table 1. Changes in construction input prices by type of structure, June 2009, %

x – the indicator is not calculated in such expression.

Table 2. Changes in prices for the main components of construction input, June 2009, %