Analytics, Construction, Lithuania, Real Estate

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

In June 2010, compared to May, the overall change in construction input prices was mostly influenced by a 1.3% increase in wages and salaries and overheads. It was also influenced by a 0.1% decrease in hourly labour costs of the operation of construction machines and mechanisms. Prices for building materials and products in June remained almost unchanged.

The change in prices for building materials and products was mostly influenced by a 1.2% increase in prices for metallic articles, 0.5% – windows and doors, as well as by a 1.3% decrease in prices for plumbing materials, 0.5% – basic building materials, 0.4% – various kinds of concrete and mortar.

Over the year (June 2010, compared to June 2009), construction input prices dropped by 3.9%. The annual price drop was conditioned by a decrease, over twelve months, in prices for building materials and products (by 3.8%) and wages and salaries and overheads (by 4.1%).

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

Table 1. Changes in construction input prices by type of structure, June 2010, %

	Relative share in the total value of new construction	Growth, drop (-)
		June 2010, compared to
		May 2010	2009
			December	June
All structures	100.0	0.4	-0.1	-3.9
Residential buildings	25.7	0.6	0.3	-4.0
Non-residential buildings	44.6	0.4	0.1	-4.0
Administrative	10.3	0.7	1.1	-3.2
Industrial	16.8	0.0	-1.6	-5.1
Trade	17.5	0.6	1.3	-3.4
Civil engineering units	29.7	0.3	-0.8	-3.5
In addition, renovation	x	0.6	0.7	-3.4

Table 2. Changes in prices for the main components of construction input, June 2010, %

	Relative share in the total value of new construction	Growth, drop (-)
		June 2010, compared to
		May 2010	2009
			December	June
Total construction costs	100.0	0.4	-0.1	-3.9
Materials and products	60.0	0.0	-0.8	-3.8
Operation of machines and mechanisms	6.8	-0.1	-1.9	-3.1
Wages and salaries and overheads	33.2	1.3	1.9	-4.1