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According to ENR's Construction Cost Index, the cost of construction in September 2024 increased by 1.1%, while the building cost increased by 2.0%. The materials cost index saw a slight increase of 0.1%. In the Los Angeles metro area, construction starts are expected to rise by 2.1% in 2025, with a predicted increase in non-residential starts and a decrease in residential starts. Prices for PVC pipe products increased by 0.1% in July, and the annual escalation is at 0.1%. ENR's materials prices for September 2024 show increases in prices for sewer, water, and drain pipe. It is important to note that city prices can be volatile and may not reflect the prevailing price. [Extracted from the article]

This document provides information on construction economics, specifically focusing on cost indexes, wages, and materials prices. The Construction Cost Index experienced an annual escalation of 1.1% and a monthly increase of 0.3%. The Building Cost Index saw an annual increase of 2% and a monthly rise of 0.3%. The Materials Cost Index had a monthly inflation rate of 0.1% and an annual escalation rate of 3.7%. The document also includes data on cement prices, ready-mix concrete prices, and changes in prices for concrete sand. It is important to note that city prices can be volatile and should not be compared between locations. [Extracted from the article]

This article provides information on construction economics, specifically focusing on cost indexes, wages, and materials prices. It reports that the Construction Cost Index had a 0.9% annual escalation and a 0.3% monthly increase, while the Building Cost Index rose by 1.8% annually and 0.6% monthly. The Materials Cost Index increased by 0.8% monthly and 4% annually. Construction starts in the Boston metro area are expected to rise by 0.1% in 2025, with non-residential starts predicted to increase by 5.3% and residential starts by 10.9%. The article also mentions specific price changes for PVC pipe products, copper water tubing, 6-inch ductile-iron pipe, and corrugated-steel pipe. The document includes a table of prices for various types of pipes used in construction projects, along with specifications for each type. It is important to note that prices may vary depending on location and other factors. The document also includes graphs related to construction economics. [Extracted from the article]

This article provides information on construction economics, specifically focusing on cost indexes, wages, and materials prices. The Construction Cost Index has seen an annual increase of 1% and a monthly increase of 0.1%. The Building Cost Index has experienced an annual increase of 1.9% and a monthly increase of 0.1%. The Materials Cost Index has shown a monthly increase of 0.2% and an annual increase of 4.5%. The article also discusses the dollar value of total construction put-in-place, which had a monthly decrease of 0.1% in May but was 6.4% higher than the previous year. Plywood prices decreased by 0.4% in May, while prices for pine 2x4s were down 11% from July 2023. The Bureau of Labor Statistics is publishing producer price index numbers for lumber products as of April 2019. It is important to note that the prices listed for different cities are not meant to be the prevailing prices, as they can be volatile and may include estimates. Therefore, the data should be used to analyze national trends rather than comparing prices between locations. The table provided in the article displays prices for various lumber products in different cities, with the + or - symbols indicating whether the price has risen or fallen since the previous report. [Extracted from the article]

This article provides information on construction economics, specifically focusing on cost indexes, wages, and materials prices. The Construction Cost Index increased by 1% annually and 0.1% monthly, while the Building Cost Index rose by 1.9% annually and 0.1% monthly. The Materials Cost Index experienced a monthly increase of 0.2% and an annual escalation of 4.5%. The article also includes specific price changes for various construction materials, such as cement, steel, and lumber. A table is provided with prices for different construction materials in various cities, including asphalt paving, cutback MC800, rapid set emulsion, slow set emulsion, Portland cement, crushed stone, sand, ready-mix concrete, and concrete blocks. The document notes that some prices may include taxes or discounts and provides further specifications for each material. Graphs are also included to illustrate construction economics. [Extracted from the article]

The U.S. Department of Commerce reports that the value of construction put-in-place increased by 10% in April 2024 compared to the previous year. Private sector construction rose by 8.1% and public work increased by 16.7%. Plywood prices went up by 1.1% while pine 2x4 prices decreased by 8.6% from June 2023. The document provides a table with prices for construction materials in different cities, including gypsum board, roofing insulation, wall insulation, softwood lumber, plywood, and particleboard. This information can be helpful for library patrons researching construction material prices in specific locations and comparing costs. [Extracted from the article]

This article provides information on construction economics, including cost indexes, wages, materials prices, and construction starts. The Construction Cost Index increased by 1.8% annually, while the Building Cost Index rose by 3.1% annually. The Materials Cost Index remained steady, but the annual escalation rate increased by 7.4%. The article also includes data on construction starts in Utah, with a decrease in the total dollar value of new construction starts in October 2023 compared to October 2022. The residential sector saw a decline of 32.7%, while nonresidential starts increased by 42.5%. The article also provides a table of prices for various construction materials in different cities, with information on price changes since the previous report. It is important to consider that prices may vary depending on location and product specifications. [Extracted from the article]

This article provides information on construction economics, specifically focusing on cost indexes, wages, and materials prices. The Construction Cost Index had an annual escalation of 1.8%, while the Building Cost Index increased by 3.1% annually. The Materials Cost Index remained steady for the month but saw an annual escalation of 7.4%. Construction starts in the Cincinnati metro area are expected to rise by 27.9% in 2024, with non-residential starts predicted to increase by 40.7% and residential starts expected to rise by 14%. The article also includes a table with cost indexes for various cities. Prices for PVC pipe products remained unchanged in March, but prices for other types of pipes varied across different cities and had different inflation rates. It is important to note that the prices and specifications may vary depending on the city. [Extracted from the article]

This article provides information on construction economics, specifically focusing on cost indexes, wages, and materials prices. The Construction Cost Index and Building Cost Index both experienced annual increases, while the Materials Cost Index remained steady with a higher annual escalation rate. The article also discusses construction starts in Montana, noting a decline in non-residential starts and an increase in non-building starts. Additionally, the document includes a table of prices for various construction materials in different cities, cautioning against direct price comparisons and emphasizing the use of city information for analyzing national trends. The article also includes graphs related to construction economics, with a reminder that prices may vary based on specifications and accessibility in each city. [Extracted from the article]

According to an article in ENR: Engineering News-Record, the Construction Cost Index's annual escalation increased by 2.3%, while the Building Cost Index remained steady on a monthly basis. Construction starts in the Philadelphia metro area are expected to rise by 17.8% in 2024, with a 27.9% increase in non-residential starts and a 2.3% increase in residential starts. Prices for PVC pipe products declined by 0.1% in February, and the annual escalation for plastic construction products increased to -2%. The article also provides information on copper water tubing and ductile-iron pipe prices. [Extracted from the article]

According to an article in ENR: Engineering News-Record, the total value of new construction starts in Arizona in October 2024 was 54.2% lower than in October 2022. The residential sector saw a decrease of 26%, while the nonresidential sector fell by 71.9%. However, non-building new starts increased by 9.4% during the same period. The price for aluminum sheet decreased by 1.2% in January, and the annual index for aluminum sheet is currently at -5.4%. On the other hand, the average monthly price for reinforcing bars rose by 2.2% in March, with yearly prices increasing by 21.6%. Prices for stainless steel plate and sheet also experienced increases in March. It is important to note that city prices reflect quotes from single sources and may not be the prevailing price for a city. [Extracted from the article]

This article provides construction cost indexes for various cities in the United States, including data on construction costs, building costs, common labor, skilled labor, and materials. The article also includes a table with measurements and prices for different types of pipes, ranging from 4 inches to 60 inches in diameter. The Building Cost Index indicates an annual inflation rate of 3.8% for March 2024, with a monthly increase of 0.2%. The Materials Cost Index shows a monthly increase of 0.4% and an annual escalation rate of 6.2%. Construction starts in the Boston metro area are expected to rise by 6.1% in 2024, with a predicted decrease in non-residential starts and an increase in residential starts. Prices for PVC pipe products, copper water tubing, and ductile-iron pipe have experienced monthly and yearly increases. This information can be valuable for library patrons researching pipe materials and costs for specific projects. [Extracted from the article]

The article focuses on the economic factors affecting the construction industry. It highlights the challenges faced by the industry, including inflation, labor shortages, and declining construction spending. It further emphasizes the mixed nature of the current economic situation, where some sectors has been thriving while others are facing difficulties.

The article evaluates the pricing trends in construction materials, noting a 0.6% decline in PVC pipe products in October following a 0.4% rise in September, as per the Bureau of Labor Statistics' producer price index. Meanwhile, ENR's data highlights yearly rises in prices for both types of copper water tubing in December, while monthly prices for 6-inch ductile iron pipe remained unchanged.

Statistics are given regarding the dollar value of total construction put-in-place in the U.S.

This article provides an overview of ENR's construction cost indexes, specifically the Construction Cost Index (CCI) and the Building Cost Index (BCI). The CCI uses common labor while the BCI uses skilled labor for specific trades. Both indexes measure the cost of purchasing standard materials compared to a base year. ENR obtains its data from local prices in 20 U.S. cities and does not average materials prices. The indexes measure trends within individual cities and the U.S. as a whole, but do not account for cost differences between cities. The indexes are not seasonally adjusted. The article also mentions that cement prices are more active in the spring, fabricated structural steel prices have monthly adjustments, and lumber prices are highly volatile. It addresses frequently asked questions about the indexes' accuracy, verifiability, and online availability. The article concludes with a historical table showing the construction cost index values from 1929 to 2023. [Extracted from the article]

The construction industry has experienced some growth in the first quarter of 2024, although it still faces challenges from previous years. Construction starts have fluctuated due to high interest rates, a scarcity of skilled labor, and high material prices. Residential starts for single-family homes have increased, but multifamily starts have decreased due to an oversupply of units. Non-residential starts have seen a slight increase, with positive activity in retail and hotel, but declines in warehouse and office buildings. Manufacturing starts have decreased due to labor shortages, while education, recreation, and transportation building starts have risen. Non-building starts have increased, driven by public funding for infrastructure projects. Lumber prices are expected to stabilize after a recent increase in supply concerns. Overall, the outlook for construction in 2024 is cautiously optimistic. [Extracted from the article]

The article discusses the current state of the used construction equipment market and its stability after experiencing fluctuations in recent years. Resale values for used construction equipment have been decreasing slightly each month, indicating a more stable market. Original equipment manufacturers (OEMs) have reported mixed results, with Caterpillar seeing increased sales and profits, while Komatsu and John Deere have faced challenges. Construction equipment has shown more stability compared to other sectors such as agriculture and lift equipment. Overall, the stability in the market is seen as a positive sign for the industry. [Extracted from the article]

The article reports that construction costs in the United States increased in May 2023, driven by rising labor and materials costs.Topics include the increase in construction costs in May 2023, the factors that are driving the increase in construction costs, and the impact of the increase in construction costs on the construction industry.

Statistics related to construction economics is presented, which include Engineering News' 20-city average cost indexes, wages and materials prices; and dollar value of total construction put-in-place showed a seasonally adjusted monthly escalation rate of November.

New York and New Jersey are making progress in their offshore wind projects. New York has finalized power purchase deals with Equinor and Orsted for their respective state projects, Empire Wind 1 and Sunrise Wind, which are set to operate in 2026. The state grid operator has also extended the deadline for proposed transmission connections for multiple wind projects. In New Jersey, Orsted has agreed to pay a $125 million penalty for cancelling two projects last year, but they are set to bid in the state's fifth procurement round. The U.S. Interior Department has issued an environmental review for the Atlantic Shores Wind project, which could gain full approval soon. [Extracted from the article]

According to a special report from ENR: Engineering News-Record, materials price increases have slowed down in the past year after years of volatility. The average yearly price for steel rose by 7.8% in 2023, while the overall Materials Cost Index increased by 4.4%. Both skilled and common labor also saw modest gains. The report explains that ENR's indexes are designed to indicate the basic underlying trends of construction costs in the U.S. and are based on construction materials that have a stable relationship to the economy. [Extracted from the article]

According to a report from industry analyst firm EquipmentWatch, prices for used heavy equipment in the construction industry have leveled off and even slightly declined. This indicates a stabilizing market and makes equipment more affordable. While there has been a slight dip in prices, it is not indicative of a general slide and is more likely due to normal seasonal construction trends. Additionally, there has been an increase in machine usage in agriculture, lift, and construction categories, which may be a result of older equipment aging out and manufacturers fulfilling demand. Major manufacturers like Caterpillar and John Deere have resolved their supply chain issues and are reporting record sales. However, there may be some short-term disruptions in equipment availability due to recent events, such as the closure of the Port of Baltimore. Overall, the data suggests that prices are stable and there have not been any significant drops. [Extracted from the article]

The article statistics related to U.S. construction industry including percent decrease in non-residential construction; increase in the prices for PVC pipe products in August, 2022; and the office and single-family construction are expected to see the largest decreases.

The article highlights a report which shows that single-family starts declined 8 percent, while multifamily construction is up 28 percent from the same time in 2021. It discusses that the S&P Global third-quarter forecast for softwood lumber is virtually unchanged from the second-quarter forecast, expected to fall 4.1 percent in 2022 and drop another 28 percent in the next year.

In the article, the authors explain why the time is right to invest in clean energy projects like offshore wind farms in the U.S. Also cited are an update on the Vineyard Wind I offshore wind project in Massachusetts, the regulatory actions that should be taken by the government to support such projects like clear rules of competition and a well-coordinated regulatory process, and the potential energy and environmental benefits of said projects.

The article reports on the decision by the government of United Kingdom (UK) to cancel its high-speed 2 (HS2) railway project's 51-mile section between the cities of Manchester and Birmingham in England. According to Prime Minister Rishi Sunak, the cancellation was due to increased cost, schedule delays, and mismanagement. Also cited is the comment of National Infrastructure Commission chairperson John Armitt on the cancellation.

The article provides insights into the performance of the residential, commercial, and infrastructure sectors in the third quarter.

The article presents the overview of the differences between the building and construction cost indexes. It explores the difference between periodical's Construction Cost Index (CCI) and its Building Cost Index. It discusses that how indexes measure cost differences between cities, along with explores how cost indexes adjusted seasonally.

The article focuses on the stabilization and slight growth in prices of used construction equipment. It highlights that the prices for used construction equipment has not significantly increased compared to the same period last year. It further mentions that the recent slight rise in resale prices can be encouraging as it may indicate the end of the equipment shortage caused by the COVID-19 pandemic.

The article focuses on the second quarter of the year and its impact on the construction industry, particularly in terms of economics, equipment prices, confidence levels, and labor. It discusses the struggles faced by the commercial sector, the strength of manufacturing and infrastructure work, the persistence of inflation concerns, and the efforts of the Federal Reserve to address them. It also explores trends in contract and construction manager compensation.

The article focuses on the latest global cost analysis by Turner & Townsend, which reveals that the U.S. is now the most expensive country for construction, with six American cities ranking among the top ten.

The article reports on the economic performance in the U.S. in the fourth quarter of 2022, particularly in the manufacturing and construction industries amidst challenges like high inflation, labor shortages, and supply chain disruptions. According to Dodge Construction's Richard Branch, total construction starts increased by 14% compared to the same period in 2021. Also cited is how funds from new laws like the Inflation Reduction Act could bolster construction activities in 2023.

The article offers information on the supply chain issues faced by the manufacturers and infrastructure constructors, marked by rising prices in the U.S. It mentions that rise in interest rates expected to impact financing options for equipment purchases. It discusses the triennial CONEXPO-CON/AGG equipment trade show.

The article offers information about the rise in the construction indexes which measures the costs of non-residential buildings, along with mentions that housing market has had a major impact on index movement. It discusses that indexes have been designed to indicate the basic underlying trends of construction costs in the U.S.

The article offers information on the trend and changes in mass-transportation construction industry in the U.S. after the presidential election in November 2016. Topics discussed include the opening of the Second Avenue subway in New York City, the trend on transport options by millennials, and the purchasing of the Union Station by Regional Transportation District (RTD) in Denver, Colorado.

The article informs that a federal judge has ordered the U.S. Navy to stop executing construction contract awarded to six contractors for global construction work in July 2021, after a bidder, SLS Federal Services, challenged the Navy's non-compliance with federal contracting rules.

The article reports that design build highway improvement project advertised by Washington State transportation officials in November and Guy F. Atkinson Construction and Walsh Construction Co., which submitted qualifications with series of improvements in the Seattle area to the vital Interstate-5 transportation artery. It mentions that transportation officials have had to re-check funding sources with long-planned projects being priced far above original estimates.

The article discusses the forecast of market research firm IHS Global Insight on the cost of construction materials in the U.S. until 2019. Topics include the increase in the construction cost of single-family homes in the third quarter of 2016, the price increase of lumber due to inflation in the residential building market and the decline in structural-steel prices.