Our International Construction Costs 2024 ranks 100 cities and offers insights into navigating resource-tight markets. Download the report to learn more.
This table shows the most recent costs per square foot for different levels of school buildings (elementary, junior high, high school, and vocational) in select cities, with sustainable, “green” building considerations. New York City is the most costly metro market for K-12 school construction...
Published by , Mar 12, 2024 In 2023, personnel accounted for half of building construction costs in Brazil. Meanwhile, material costs represented over 45 percent of the annual costs in the country. Equipment and administrative costs were in comparison less significant. The building construction cos...
Unfortunately, the rise in labor costs is still prevalent, and every month between January and April of this year, there has been an increase. In better news, the percentage of female-owned construction firms is also trending upwards, with women owning 13% of these companies. Additionally, ...
5. Rising Material Costs TheU.S. Bureau of Labor Statisticsreported that the Producer Price Index for construction goods increased by 17% year over year in 2021. Rising interest rates are likely to compound all types of costs, resulting in further pressure on total construction. Technologies like...
The world’s largest real estate company, Coldwell Banker Richard Ellis (CBRE), has predicted a 14.1% year-on-year increase in US construction costs by the close of 2022, citing financial pressures such as inflation, labour shortages, supply chain challe
Gordian data is already reflecting the impact of these changes in the first part of 2024 for some worker categories, with labor costs trending upward in the structural, equipment, masonry, and mechanical trades. Construction cost trends by material and geography ...
Data you'll find right here in the 2024 BNi General Construction Costbook. The 34th edition of the BNi General Construction Costbook doesn’t just give you the costs for major commodities. It presents you with precise details for over 15,000 items … from paving to finish carpentry! For ...
By Bruno Pasini and Daniel Gray Last Updated Aug 8, 2024 Construction estimating is the process of calculating all of the required costs for a construction project, including direct costs (e.g. materials and worker wages) and indirect costs (e.g. equipment depreciation and office worker salaries...
at these levels, the industry is still feeling pain, with many mills running with variable costs of production in the range of $400-450 per MBF. The market saw some modest erosion in February, with the FCLP averaging $389 per MBF, though the final week in the month showed an upward tr...