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Philippines Construction Costs

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Climbing Philippines construction costs could slow residential development further this year, but analysts don't expect this trend to persist.

Prices for building materials have been on the rise over the past three years. The destruction left by last summer's hurricanes in the Gulf of Mexico only heightened the demand and damaged oil refineries, which drove down supply of petroleum that is needed in manufacturing some Philippines construction costs building materials.

Some new capacity for producing materials may not come online until later this year or next year. But National Association of Home Builders said some of the hurricane-induced problems are likely to ease within the next few months.

"We saw a big jump in '03 and '04, but it's leveled off".

Closer to home, Home Builders Philippines construction costs Association of Greater Southwestern Illinois Executive Director said that after attending the International Builders' Show last month, ...

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