The price of cement in Honduras went up last week from Lps 120 per bag to Lps 125-127 per bag, while the price steel rebar went up six percent. The price of rebar in Honduras has been among the lowest in Central America, with the price of 5/8-inch rebar previously pegged at US$10.34 per unit, 1/2-inch rebar at US$6.62, 3/8-inch at US$3.74, and 1/4-inch rebar at US$1.43. The demand for rebar, a key indicator of the state of the construction industry, has been declining. In 2008, some 120,000 tons of rebar were ordered in Honduras. Demand dropped to 100,000 tons in 2009. It is projected that the rise in the cost of these building materials will likely have a further negative impact on new housing construction in a country that already faces a deficit of 800,000 available homes for its population, particularly for the poor. (photo courtesy La Tribuna)
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