Construction costs rise in El Salvador

A dramatic rise in the cost of steel and other construction materials has resulted in an increase in housing prices in El Salvador.

Thursday, June 26, 2008

Iron prices have risen three times in 2008, with the result that construction activity has decreased by two percent.
"Distributors are paying more for steel ingots and the impact is passing directly to the price of houses," said Mario Rivera, president of the nation's construction chamber.

More on this topic

Housing Industry Wants to Consolidate Recovery

January 2012

In 2011, house sales in El Salvador grew by 4%, and the industry is planning new campaigns to encourage home ownership.

Strengthening the housing market is a key item for the construction industry to consolidate the economic recovery of 4% recorded in 2011, noted the Salvadoran Chamber of Construction (CASALCO).

Iron Price Up in Honduras

January 2011

Starting the first half of January, an increase between 5 and 7% is being discussed.

Oscar Armando Calon, director of the Honduran Chamber of Construction Industry (CHICO), noted that they are analyzing the new price in light of increases in raw materials worldwide.

"The construction industry has been hit hard by rising raw materials so according to communication from distributors, the increase will be between five to seven percent; this will impact the industry even more, while it still does not recover from last year´s deficit," he told Latribuna.hn.

Slight Recovery in Salvadoran Construction Industry

July 2010

The stimulus activities undertaken by private constructors in the first half of the year resulted in mild recovery signals by June.

Mario Rivera, president of the Salvadoran Construction Chamber (CASALCO), commented that despite this mild recovery, the sector urgently needs public investment in infrastructure projects.

Cost of housing construction soars in Honduras

June 2008

A recent increase in cement prices is being blamed in Honduras for a 30 percent rise in the cost of housing construction.

The Honduran Construction Industry Chamber says construction of the average house now costs 1.3 million lempiras (US$69,000), up from 1 million lempiras (US$53,000).

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