The Scottish Government has published the Scottish Social Housing Tender Price Index (SSHTPI) quarterly report. The report measures the movement in construction costs of social housing in Scotland and is based on analysing the construction costs in accepted tenders for affordable housing. Having fallen over the previous two quarters, tender prices for social housing in Scotland in April to June 2023-24, as measured by the SSHTPI, rose 1.3% compared with the previous quarter and 6.9% compared with the same quarter in 2022-23. Underlying construction costs of labour, materials, and plant rose 0.7% quarter-on-quarter in the same period and by 2.8% compared with the same quarter a year earlier. The latest data for housing starts in Scotland are nearly 40% down on the same period a year earlier, when 647 social houses were started, and private sector starts were down 23%. Alongside the SSHTPI, a general description of the index has been published.
Scottish Government publishes Scottish Social Housing Tender Price Index quarterly report
