CONSTRUCTION ECONOMICS.

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]