Analytics, Construction, Lithuania, Real Estate

Over the month, prices for building materials and products decreased by just 0.04%. The largest price drop over the month was observed for insulation materials – by 1%, pipes and finishing materials – by 0.4% each, metal products – by 0.1%; an increase in prices was observed for wood products – by 0.6, plumbing materials – by 0.5, windows and doors – by 0.3%.

Hourly costs of the operation of construction machines and mechanisms grew by 0.3%.

As for buildings and structures, the largest price drop over the month was observed for the construction of wastewater pipelines – by 1.3%, and construction of residential buildings – by 1%. Renovation of buildings went down in price by 0.9%.

Over the year (January 2015, against January 2014), construction input prices increased by 1.1%. It was conditioned by a 3.1% increase in wages and salaries, 0.6% – hourly labour costs of the operation of construction machines and mechanisms, 0.4% – building materials and products.

As for building materials and products, the largest price growth over the year was observed for concrete and reinforced concrete products – by 2.3, general building materials – by 1.2%, wood products and electrical engineering materials – by 0.9% each, while prices for finishing materials dropped by 2.7, insulation materials – by 2.1, metal – by 0.1%.

As for buildings and structures, the largest price growth over the year was observed for the construction of utility infrastructure (except for wastewater pipelines) – by 1.5%, and construction of residential buildings – by 1.3%. Renovation of buildings went up in price by 1.4%.

Table 1. Changes in construction input prices by type of structure, January 2015, %

X – the indicator is not calculated in such expression
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¹ CC – Classification of Types of Construction

Table 2. Changes in prices for the main construction input component groups, January 2015, %

Table 3. Influence on the overall monthly price change (January 2015, against December 2014) by main construction input component group

The influence on the overall change in construction input prices is determined not only by change in the construction input component price but also by the relative share (weight) of that component in the total value of construction.

For more information, see the Database of Indicators.