Santiago home builders scream as cost of materials skyrocket

Santiago.-  Cibao Home Builders and Promoters Association (Aprovici) president Nicolás Polanco on Mon. demanded that president Danilo Medina intervene to stop the continuous rising prices of construction materials.

He said if the increases in prices continue, the housing developers couldn’t withstand them. “The increases authorized by the National Wages Committee for the construction workers and increases in materials, could considerably reduce the rate of housing construction throughout the Dominican Republic.”

“We urge President Danilo Medina to stop these increases, as they become unsustainable for our sector,” he said, quoted by diariolibre.com.do.

As an example Polanco sad a bag of cement previously cost 425 pesos and now costs 455, or 30 more.

He added that the bundle of rebar was inceased to 45,500 pesos, or RD$7,000 more.

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