The prices of construction raw materials present the lowest part of their cycle, being below 3.0 percent at the beginning of 2024.

During the period that covered 2020-2022, a rapid and strong growth was observed in the prices of construction materials, this derived from different factors, among the most important, global logistical problems and the rise in energy prices.

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The prices of construction inputs, which were measured through producer prices, in January 2024 rose at an annual rate of 2.72 percent.

If we make a comparison with the same month but in 2023, they presented an annual growth of 8.21%, but a year ago, they pointed to an annual rate of 15.9 percent.

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By presenting a decelerated pace in the growth of construction inputs, we could obtain a relaxed increase in the construction costs of new buildings and with this, a lower increase in sales prices should be obtained during the current year.

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Original Note.