Prices of homes were practically flat during the second quarter, as compared to the corresponding period of 2015, and when adjusted for changes in the quality of the composition of homes sold, KSH data show, according to MTI. However, assuming the quality of the composition was unchanged from the base period, prices jumped 14.1%, MTI added.
Full-year home construction costs rose 3.5% in 2015, accelerating from a 2.5% increase in the previous year, the KSH data suggests, as reported by MTI.
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