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...
Construction cost trends by material and geography The full Gordian report details cost variability by major metropolitan areas in the U.S. and Canada, as well as by type of material. While costs trended lower in many parts of the U.S., particularly Utah and the Pacific Northwest, they ros...
Construction IndustryBuilding industryConstruction MaterialsHousing startsCostsindustriesThe construction industry is now on a good track. Housing construction is still strong and showing gains of 15-20%. Housing starts are up to over 1 million (adjusted) and show signs of sustainable momentum. This ...
Other Construction Trends Image credit: Shutterstock/PeopleImages.com – Yuri A You may notice a handful of other construction trends this year. 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 be...
Cloud computing shift by construction companies continues to happen today in order to lower costs, reduce risks and provide more scalable processing of the big data collected year over year Forecasting Trends Beyond 2023 As we look beyond 2023, here are potential construction technology trends we wil...
View Metal Prices & Trends Material Price Tracker Steel Stud Average change over the last 6 months +7.02% Material Price Tracker Steel panel, galvanized corrugated Average change over the last 6 months -7.18% Material Price Tracker Aluminum angle ...
摘要: "Construction materials costs are outpacing overall consumer and producer prices by a wide margin," said Ken Simon-son,chief economist for The Associated General Contractors of America (AGC).On March 21,2006,the government reported that the producer price index (PPI) plunged 1.4 percent in...
In Latin America, construction material costs have surged significantly over the last two years. The ongoing war in Ukraine, coupled with the rising inflation, has added even more pressure to the sector.Mexico bearing the brunt of building materials price rise...
monitoring economic trends, and providing counsel on lifetime costs, environmental impact, inflation, and other factors. A builder with a Lean approach specializes in optimizing projects for efficiency and reducing waste during all stages of construction — both of which can help mitigate risks associa...
3D Printing3D printing is set to revolutionize the construction industry by enabling the rapid creation of complex, customized structures. This technology not only promises significant reductions in waste and material costs but also offers unprecedented flexibility in design. ...