Private housing construction price index (PHCPI) survey

The BCIS Private Housing Construction Price Index (PHCPI) is a measure of the prices paid by housebuilders for constructing houses, i.e. changes in their cost of direct/sub-contracted labour, plant and materials, overheads and profit attributed to the construction of houses. It excludes the cost of land and other development costs and any development profit. This index is based on prices reported by housebuilders building on their own behalf in each quarter and is therefore closer to an output price index than a tender price index.

PHCPI allows housebuilding developers to benchmark their own changes in costs for housebuilding. It also serves as a measure of price movement in the private housing sector. It is not an index of contractors’ tendered prices for building houses for external clients; in that case the BCIS Tender Price Index is the most appropriate index.

The index is usually published in March, June, September and December.

If you are a housebuilder or developer, please fill in the survey. If you have any questions, please call +44 0330 341 1000 or email contactbcis@bcis.co.uk