2008News

Cement prices too high

The Dominican Construction and Housing Promotion Association (Acroprovi) is demanding that cement and metal bar producers lower prices. ACROPROVI president Jaime Gonzalez says that the price increases of 5% for metal bars and 20% for cement are unjustified since fuel prices have gone down 30%, reducing the cost to produce cement. He added that increases in material costs would eventually cause a 5% to 8% increase in the price of housing. He said housing sales have decreased 70% since January.