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Construction materials, installation, and composite construction cost index in the United States in 2021, by city [Graph], Metro Denver EDC, December 15, 2021. [Online].
The City Cost Index (CCI) can help you compare and contrast costs based on the location of your project. The CCI is a way of comparing the national average cost of a standardized construction project to the cost of the same project in a specific location.
This update notes that costs in Memphis have varied by -0.45 percent. To update your weighted average by this percent, multiply the weighted average, 89.6, by the factor 1.0045: 89.6 × 1.0045 = 90.0 (your updated weighted average).
Construction Cost Index by City. The Mortenson Construction Cost Index is calculated quarterly by pricing a representative non-residential construction project in geographies throughout the country. Click a city below to jump to the latest findings.
Overall, the price of materials and components for construction registered a 1-month increase of 0.6 percent in July 2021 and a 20-percent increase from a year earlier. Here’s a chart showing a little longer history, separately for materials and components. The prices of both changed little during 2019 but surged upward later.
The building and construction cost indexes for ENR’s individual cities use the same components and weighting as those for the 20-city national indexes.
A City Cost Index gives you a number that takes into account the costs of materials, labor and equipment and compares it to a national average of 30 major U.S. cities. Once you establish the CCI, you can compare the cost of construction from city to city within the United States and even convert U.S. dollars to Canadian dollars for projects ...
The Construction Cost Index’s annual escalation rose 8%, while the monthly component rose 0.6%. +8.0 % JAN. 2022 Building Cost Index ANNUAL INFLATION RATE 1913=100 INDEX VALUE MONTH YEAR
data for ENR’s 20 cities can be found at ENR.com/economics Construction Cost Index ANNUAL INFLATION RATE 1913=100 INDEX VALUE MONTH YEAR CONSTRUCTION COST 13171.07 0.0% +5.7% COMMON LABOR 24585.29 +0.1% +1.0% WAGE $/HR. 47.24 +0.1% +1.0% The Construction Cost Index’s annual escalation rose 5.7%, while the monthly component stayed flat. +5.7 ...
Important update to 2022 RSMeans data and City Cost Index: COVID-19 has had an unprecedented impact on the construction industry for more than a year. The City Cost Index (CCI) is designed to capture that impact through material cost and wage rate changes in the locations currently available.