Report: Home building costs slightly lower in Dominican Republic

Santo Domingo.- The National Statistics Office (ONE) published the latest bulletin on the Direct Housing Construction Cost Index (ICDV), revealing a slight decrease in average construction costs in the National District and the province of Santo Domingo.

In July 2025, the ICDV stood at 235.70 points, reflecting a reduction of 0.03 points compared to the previous month. Despite this slight monthly decline, the index shows a cumulative variation of 3.52% since December 2024 and a year-on-year increase of 0.80% compared to July 2024.

Costs by Type of Housing
Direct costs vary according to the type of construction:

Single-family, one-story: 240.99 points (-0.13%)

Single-family, two-story: 238.31 points (-0.09%)

Four-story multi-family: 231.97 points (+0.01%)

Eight-story or more multi-family: 231.54 points (+0.17%)

Analysis by Cost Group
The most significant increases were recorded in:

Tools: +0.68%

Machinery: +0.63%

Materials: +0.26%

Subcontracts: +0.15%

Labor: no change (0.00%)

This behavior suggests moderate pressure on technical inputs, while labor costs remain stable.

The ICDV is calculated using the Laspeyres Index methodology, using a basket of goods and services with fixed weightings since October 2009. Indirect costs such as land, permits, design, and business profits are excluded.

ICDV by Housing Type

Variation by Cost Group