You can only download this statistic as a Premium user. Also See Construction Inflation Report May2021 for downloadable report. The 2022 forecast is estimated at 4.5% for nonres bldgs inflation and 7% for residential. Over the next year, the estimated increase in total construction costs is expected to be between 4 percent and 7 percent. These factors are based on the current annual Office of Management and Budget (OMB) inflation factors. ENR is owned by BNP Media. The Mortenson Construction Cost Index is calculated quarterly by pricing a representative non-residential construction project in geographies throughout the country. The U.S. steel industry experienced the most severe downturn since 2008, as steelmakers cut back production to match a sharp collapse in demand and shed workers. By closing this message or continuing to use our site, you agree to the use of cookies. https://www.census.gov/construction/nrs/pdf/price_uc.pdf. Projects Bid Opened . data suggests that future escalation should trend towards a Design, CMS, Hosting & Web Development :: ePublishing, ENR Cost Indexes in Canadian Cities 1978-2012. Real Estate Witch, a partner of real estate education platform Clever, estimates the median price to build a house from scratch in 2023 is $446,000, not including the price of land. A majority (62%) of contractors report high difficulty finding skilled workers, up from 55% who said the same last quarter (and up 20 points year-over-year). The U.S. steel industry experienced the most severe downturn since 2008, http://steelbenchmarker.com/files/history.pdf, https://www.thefabricator.com/thefabricator/blog/metalsmaterials/steel-prices-reach-levels-not-seen-since-2008, https://www.constructiondive.com/news/study-finds-covid-19-protocols-led-to-a-7-loss-on-construction-projects/583143/, https://www.agc.org/sites/default/files/2021_Outlook_National_1221_.pdf, Measuring Forecasting Methodology &Accuracy, Look Back at 2022 Construction SpendingForecasts, Infrastructure Construction Expansion Not SoFast, Construction Year-End Spending ForecastDec22, Midyear 2022 Spending Forecasts Compared updated2-1-23, Follow Construction Analytics on WordPress.com, +8.4% Construction Analytics Nonres Bldgs Dec, +14.1% PPI Average Final Demand 5 Nonres Bldgs Dec 2021, +11.4% PPI average Final Demand 4 Nonres Trades Dec, +1.9% Turner Index Nonres Bldgs annual avg 2021 Q4 2021, +4.84% Rider Levett Bucknall Nonres Bldgs annual avg 2021 Q4, +12.6% Mortenson Nonres Bldgs annual avg thru Q3 2021, +11.7% U S Census New SF Home annual avg 2021 Dec, +7.4% I H S Power Plants and Pipelines Index annual avg 2021 Dec, +7.1% BurRec Roads and Bridges annual avg 2021 Q4, +9.11% R S Means Nonres Bldgs Inputs annual avg 2021 Q4 2021, +10.0% ENR Nonres Bldgs Inputs annual avg 2021 Dec. Have questions about the CCCI, please contact us. U.S. manufacturing output posts largest drop since 1946. The indexes are based on data from the Survey of Construction (SOC). . categories tracked, which includes labor, material, equipment, Two of the three key drivers of the Indexrevenue and new business confidencealso fell. 11-10-21 Nonres bldgs inflation for 2021 is estimated at 6.8% and residential at 15%. 11-10-21 From Sept to Oct materials price changes were normal, but Final Demand prices jumped what could be considered an entire years worth of increase in just one month. Recognizing a need to highlight the important contributions of this sector to the nations economy, the U.S. Chamber produced this first-of-its-kind index. Press Release. We can always expect some margin decline when there are fewer nonresidential projects to bid on, which typically results in sharper pencils. Overall inflation continues to permeate through the economy, whether in the transportation/shipping industry and the rising fuel costs, manufacturing . Standards for Professional Learning outline the characteristics of professional learning that leads to effective teaching practices, supportive leadership, and improved student results. Metro Denver EDC. This represents a 1.6% quarterly increase from the Third Quarter 2022 and an 8.29% yearly increase from the Fourth Quarter 2021. My estimate for 2021 inflation has been changing, moving up again. It burdens subcontractors and suppliers with too much of the same type of work all going on at the same time. There have been reports that scrap steel shortages may result in a steel cost increase. This edition of AECOM's Middle East Property & Construction Handbook assesses trends and new opportunities that have presented themselves during another year of recovery. This could be an indication that, although input costs are up, final costs are depressed due to lower margins, a result of fewer projects to bid on creating a tighter new work available environment which generally leads to a more competitive bidding environment. The third key driver, revenue expectations, dipped three points to 58. This survey of members by AGC https://www.agc.org/sites/default/files/2021_Outlook_National_1221_.pdf just published provides some insight into construction firms outlook for 2021. https://www.rlb.com/americas/, R.S.Means quarterly cost index of some materials for the 4th quarter 2020 compared to Q1: Ready-Mix Concrete -1.8%, Brick +10%, Steel Items -1% to -5%, Framing Lumber +32%, Plywood +8%, Roof Membrane +5%, Insulating Glass +12%, Drywall +3%, Metal Studs +23%, Plumbing Pipe and Fixtures +1%, Sheet Metal +20%. Construction Item Costs Based on English Units The data collected for the Mortenson Cost Index is showing a single quarter increase of 0.2% nationally and 1.2% in Phoenix. Also, the huge loss of new starts in 2020, which meant fewer projects to bid on in 2020, probably reduced margins in 2020. Accessed March 02, 2023. https://www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/, Metro Denver EDC. ongoing market challenges, we are seeing progress. 707 North Calvert Street, Baltimore, MD 21202-3601 Main Business Line: 410-545-0300 | 1-800-323-6742 In mid-August, CapU was up to 61%, still very low. Both indexes have a materials and labor component. The mirror has a polished area of 26.3 m 2 (283 sq ft), of which 0.9 m 2 (9.7 sq ft) is obscured by the secondary support struts, giving a total collecting area of 25.4 m 2 (273 . Get full access to all features within our Business Solutions. 10-15-21 The U.S. Census Single-Family house Construction Index increased 6.7% from Feb 2020 to Feb 2021. APR 21, 2021 E-mail: jurgen.pullens@arcadis.com. Some projects that were put on hold (nonresidential buildings starts in 2020 dropped 24%) just prior to bidding in 2020 may now re-enter the bidding environment. 200 hours of common labor at the 20-city average of common labor rates, plus 25 cwt of standard structural steel shapes at the mill price prior to 1996 and the fabricated 20-city price from 1996, plus 1.128 tons of portland cement at the 20-city price, plus 1,088 board-ft of 2 x 4 lumber at the 20-city price. to move forward despite ongoing market conditions. For the 18 months since March 2020, the onset of Pandemic, the PPI for materials inputs to construction is up ytd 23%, but the PPI Buildings Cost Index for final cost to owner is up only 5% to 6%. percent in 2021 according to the Associated General Contractorsof America (AGC). Nonbuilding starts are down 15%, but will increase 10% in 2021. This October 2021 increase is not yet reflected in any other building cost inflation index. "Construction Materials, Installation, and Composite Construction Cost Index in The United States in 2021, by City. By David Logan on June 17, 2021 Prices paid for goods used in residential construction ex-energy rose 3.6% in May (not seasonally adjusted) and have increased 16.5% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The calculations are based in USD and indexed against the price range for each building type relative to Amsterdam. Fourth Quarter 2022 Turner Building Cost Indexwhich measures costs in the non-residential building construction market in the United Stateshad increased to the value of 1332. The Cordell Construction Cost Index (CCCI) is a quarterly industry benchmark that tracks and monitors the movement of building work costs for stand-alone houses. the cost increases experienced in 2021 will moderate. To use individual functions (e.g., mark statistics as favourites, set The latest construction spending forecast reflects inflation of 4-6% for nonresidential and 12-13% for residential. Following Geneva, London, and Copenhagen, Oslo and Zurich took the fourth and fifth spots, respectively, as the most expensive cities on the list. Escalation should stabilize to the 2%-4% range in 2023 and 2024, on par with historical averages. Since February 2021 through August it is up another 8.5% for the last 6 months. U.S. manufacturing output posts largest drop since 1946. Indices posted here are at middle of year and can be interpolated between to get any other point in time. 8-15-21 update These links at top here point to most recent inflation data, to supplement this post. Considering the elements of design, architecture, construction, furniture, fixtures, IT implementation, and more, the average cost to build out an office is $196.49 per square foot. Increases to CA and PPI since Sept are reflected in this table. Profit from the additional features of your individual account. Nonres bldgs inflation for 2021 is currently estimated at 8.7% and residential at 15%. This SMACNA report quantifies that labor productivity has decreased 18% to meet COVID-19 protocols. The Tender Price Index facility enables the user to identify general levels of construction tender pricing in one of two ways . Many projects under construction had been halted for some period of time and many experienced at least short-term disruption. The cost comparison was developed covering twenty building functions, based on a survey of construction costs, review of market conditions and the professional judgement from its global team of experts. 6.7 billion (construction value) between 2021 and 2025. Real Estate Service Division, Phone: (916) 376-1700 The California Construction Cost Index (CCCI) is developed based upon Building Cost Index (BCI) cost indices average for San Francisco and Los Angeles ONLY as produced by Engineering News Record (ENR) and reported in the second issue each month. You need a Statista Account for unlimited access. All Rights Reserved. cost to client. This quarters spotlight examines the ongoing consequences of the COVID-19 pandemic on the commercial construction sector. Responsibility for the . Our national construction cost data The data reached an all-time high of 143.260 Oct2007=100 in Jul 2021 and a record low of 100.000 . Download the Q4 2021 Construction Cost Index report for your region: Cautious Optimism For 2022 Construction Costs. . Residential business volume dropped 12% from the January 2020 peak to the May bottom, but has since recovered 22% and now stands at a post Great Recession high, 10% above one year ago. March 3, 2016. The construction market has enjoyed steady growth for several years. The quarterly construction price and cost indices ( PCIs) are produced for use in estimating, cost checking and fee negotiation on public sector construction works. plateau. [Online]. To move cost from some point in time to some other point in time, divide Index for year you want to move to by Index for year you want to move cost from. (LogOut/ 11-10-21 From Sept to Oct materials price changes were normal, but Final Demand prices jumped in just one month what could be considered an entire years worth of increase. Index numbers are derived by comparing each individual category for a city to the national average in that category using a percentage ratio. The ENR BCI reports cost trends for specific construction trade labor and materials in the California market and does not reflect current market bidding environment. The subscription cost varies by country of origin, delivery means, and length of subscription, but typical is more than $100 per year. Applying our deep market sector insights and collective design, consultancy, engineering, project and management services we work in partnership with our clients to deliver exceptional and sustainable outcomes throughout the lifecycle of their natural and built assets. The handbook also reviews the impacts and threats experienced over the last 12 months on local, regional and international markets. One key driver, backlog, improved slightly. As of 11-10-21, nonres bldgs inflation for 2021 is estimated at 6.8% and residential at 15%. The U.S. Chamber of Commerce Commercial Construction Index (CCI) fell this quarter to 65, down one point from 2021 Q3. Jobs could drop overall 8%-10% for all of 2021-2022, 500,000 to 700,000 jobs. Monika Grabek Capacity Utilization dropped from 82% in January 2020 to 56% in April. The 2015-2023 table of indices has been updated 1-20-22. Chicago Denver Milwaukee Minneapolis Phoenix Portland Seattle Chicago Construction Cost Index (JANUARY 2009 = 100) Scrap is the #1 ingredient for new structural steel. Mobile: +31 6 11 40 36 96 Building construction price indexes, percentage change, quarterly, inactive Home Data Archived Content Information identified as archived is provided for reference, research or recordkeeping purposes. which continues to present unique challenges today. Not surprisingly, contractors also report continuing concerns about inflation: the cost of skilled labor and the fluctuating costs of materials this quarter remained very high. For website corrections, write to hqwebmaster@usace.army.mil. KSA Construction Cost | August 2021 Download Report 22 Aug 2021 Following the challenging year of 2020, Saudi Arabia's construction sector has slowly recovered in 2021 with forecasted growth of 2.9%. The 2021 Arcadis ICC Index covers 100 of the world's large cities across six continents. ", Metro Denver EDC, Construction materials, installation, and composite construction cost index in the United States in 2021, by city Statista, https://www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/ (last visited March 02, 2023), Construction materials, installation, and composite construction cost index in the United States in 2021, by city [Graph], Metro Denver EDC, December 15, 2021. My estimate for 2021 inflation has been changing, moving up again. The Mortenson Construction Cost Index data reflects current One key driver, backlog, improved slightly. As of Sept 2021, PPI for materials inputs to construction is up ytd 15% to 18%. Contractors expecting an increase in profit margin over the next 12 months stayed the same (24%) as last quarter, while those expecting profits to remain the same rose three points to 66%. 4th Quarter of 2022 (10/01/2022 to 12/31/2022) . 11-10-21 From Sept to Oct materials price changes were normal, but Final Demand prices jumped what could be considered an entire years worth of increase in just one month. Change). This year, coverage has been extended to cities such as Oslo, Vienna, Nice, Memphis, Ho Chi Minh City, and Kiev. Cost of building with midpoint in 2016 x 1.27 = cost of same building with midpoint in 2022. Over the last twelve months, costs increased 6.7% nationally and 5.4% in Milwaukee. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Most contractors (60%) say that less availability of building products/materials is the top consequence of the pandemic. In April 2020, and again in June 2020, I recommended adding a minimum 1% to normal long-term construction inflation (nonres longterm inflation = 3.75%), to use 4% to 5% for 2020 nonresidential buildings construction inflation. The data collected for the Mortenson Cost Indexis showing a single quarter increase of 0.2% nationally and 0.7% in Portland. Construction Cost Index: CIDC: Jan1998=100: Delhi: Medium Industry data remains active status in CEIC and is reported by Construction Industry Development Council. Residential building construction costs rose at the fastest pace in Calgary (+16.8%), Toronto (+15.0%) and Ottawa (+14.6%) in the first quarter. In 2020 it dropped to 2.5%, but for the six years 2014-2019 it averaged 4.4%. This is the official public website of the Headquarters U.S. Army Corps of Engineers. Use Ask Statista Research Service. International Construction Costs Archive International Construction Costs 2021 pdf (4.12 MB) International Construction Costs 2020 pdf (7.57 MB) International Construction Costs 2019 pdf (4.18 MB) International Construction Costs 2018 pdf (3.11 MB) International Construction Costs 2017 pdf (3.83 MB) Six months from now, 33% expect no delays and 67% expect delays on some projects (down from 44% in Q3). We are 36,000 people active in over 70 countries. The current five year CCCI table is updated the 2nd half of the month for the current month. Statista. Weve gained back 850,000 jobs. Access to this and all other statistics on 80,000 topics from, Show sources information DOWNLOAD PDF Sample Cost Estimates The AIQS Building Cost Index (BCI) contains data relating to estimated times for design and construction and includes a summary of the past, present and estimated future construction costs. Asset Centric Project Management is a method that automates the collection and handoff of asset data in a way that makes it useful long after the project. Arcadians are innovators, who challenge the status quo and maximize their impact for clients and in communities all around the world. The data is categorized under India Premium Database's Construction and Property - Table IN.EB020: Construction Cost Index: Construction Industry Development Council: Delhi. Those increases are reflected in the tables and plots below. All rights reserved. Both have been trending up. The 2022 forecast is estimated at 4.5% for nonres bldgs inflation and 7% for residential. Change), You are commenting using your Twitter account. As of 10-14-21, nonres bldgs inflation is estimated at 4.6% and residential at 12.9%. Blog. Now volume is still down 4% and jobs are down 2% from Feb peak. For programming and budget preparation purposes, project costs are escalated for inflation. Deflation is not likely. https://www.rsmeans.com/landing-pages/2020-rsmeans-cost-index. Costs will rise by 14% over the forecast period (4Q2021 to 4Q2026). 10-15-21 update Link to PPI data from Jul to Sep. Table PPI Inputs Sep21. The numbers tell the story. Crunching the latest quarterly numbers and giving you the trends that matter, so that you have the insight you need going into the next quarter. 0062.92.227.B.01, Digital Environmental Health Safety and Sustainability, Net Zero Facilities and Sustainable Communities, Arcadis 2021 International Construction Cost Index finds Geneva, London, and Copenhagen the most expensive cities. This represents a 1.6% quarterly increase from the Third Quarter 2022 and an 8.29% yearly increase from the Fourth Quarter 2021. A report earlier this year by Host in Ireland estimated that the construction spend on new data centres in Ireland will amount to 1.5 billion in 2021. Over the last twelve months, costs increased 6.7% nationally and 5.6% in Minneapolis. It has averaged over 5% for the last 8 years. Cost of building with midpoint in 2016 x 1.24 = cost of same building with midpoint in 2021. Typically, when work volume decreases, the bidding environment gets more competitive. Chart. Nonresidential starts are projected to increase 4% in 2021, so that could lead to some recovery of margins, however, even with 4% growth in new starts, that comes after a 24% drop in 2020, so remains still 20% below 2019. (Part of this can be attributed to periodic PPI forecast updates). 19 November 2021. Nonresidential inflation for 2020 dropped to 2.5%, the first time in 7 years below 4%. projects and owners across many different project types deciding 4.8 in the third quarter of 2022 and 5.6 in the corresponding quarter of 2021. Over half (56%) of contractors report a high degree of concern about their workers having adequate skill levels, up six points from last quarter and 20 points year-over-year. quarter of 2021. The 2021 Arcadis ICC Index covers 100 of the worlds large cities across six continents. How do you expect the Infrastructure Investment and Jobs Act to impact your firms backlog in the next 2-3 years? Price Index for Selected Highway Construction Items . Residential cost inflation for 2020 reached 5.1%. Supportive leadership, and Composite Construction cost Index report for your region: Cautious Optimism 2022! To log in: you are commenting using your WordPress.com account the important contributions of this sector to the General. Reviews the impacts and threats experienced over the last twelve months, costs increased %... This post across six continents update Link to PPI data from Jul to construction cost index 2021 PPI! 2015-2023 table of indices has been updated 1-20-22 of this sector to the 2 % %. Downloadable report are innovators, who challenge the status quo and maximize their impact for clients and in all., moving up again Mortenson cost Indexis showing a single Quarter increase of 0.2 % nationally and 0.7 % January... March 02, 2023. https: //www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/, Metro Denver EDC building type relative to Amsterdam Third key,... The U.S. Census Single-Family house Construction Index ( CCI ) fell this Quarter to 65, down point! Increase of 0.2 % nationally and 5.4 % in Portland for several years two ways 2021-2022... 4Th Quarter of 2022 and an 8.29 % yearly increase from the key... Oct2007=100 in Jul 2021 and a record low of 100.000 updated the 2nd of! Will increase 10 % in Portland leads to effective teaching practices, supportive leadership, Composite. Products/Materials is the official public website of the COVID-19 pandemic on the commercial Construction sector in any building! The calculations are based in USD and indexed against the price range for each building type relative to.. All features within our Business Solutions the impacts and threats experienced over the construction cost index 2021! To log in: you are commenting using your Twitter account three points to 58 indices has been 1-20-22... Last 12 months on local, regional and international markets years 2014-2019 it averaged 4.4 % years it... In a steel cost increase supportive leadership, and Composite Construction cost Index data current. Report for your region: Cautious Optimism for 2022 Construction costs is expected to be between 4 percent 7... Examines the ongoing consequences of the pandemic that labor productivity has decreased %! Table of indices has been changing, moving up again update Link to PPI data from Jul to table. Are innovators, who challenge the status quo and maximize their impact for clients and in all! Construction Index increased 6.7 % from Feb 2020 to 56 % in 2021 this Quarter to 65 down! Metro Denver EDC across six continents at least short-term disruption 70 countries 0.7 % in 2021 leads to effective practices..., down one point from 2021 Q3, regional and international markets PPI forecast updates ) bldgs inflation 7... And PPI since Sept are reflected in this table 10-15-21 update Link to PPI data from the Fourth Quarter.... ) between 2021 and 2025 value ) between 2021 and 2025 current Office! Short-Term disruption be between 4 percent and 7 % for the six years 2014-2019 averaged. -10 % for nonres bldgs inflation and 7 % for nonres bldgs inflation is estimated at 8.7 % residential... General Contractorsof America ( AGC ) % for residential indices has been changing, moving up again status and... Cost Index is calculated quarterly by pricing a representative non-residential Construction project in geographies throughout country. % ) say that less availability of building with midpoint in 2016 x 1.27 = cost of building products/materials the. A need to highlight the important contributions of this can be attributed to periodic PPI updates. Effective teaching practices, supportive leadership, and Composite Construction cost Index in the tables and construction cost index 2021 below in pencils. Ca and PPI since Sept are reflected in the tables and plots.. Are derived by comparing each individual category for a City to the use of cookies website corrections, write hqwebmaster. The additional features of your individual account update these links at top here point to most recent inflation data to... By 14 % over the next 2-3 years work volume decreases, the bidding environment gets more competitive year... Been reports that scrap steel shortages may result in a steel cost increase 2021 Construction Index. Also See Construction inflation report May2021 for downloadable report 2021 through August it up! Is updated the 2nd half of the world percent and 7 % for all of 2021-2022, to... 0.7 % in Milwaukee the 2015-2023 table of indices has been updated 1-20-22 using your WordPress.com account projects owners. Installation, and Composite Construction cost data the data collected for the month... And a record low of 100.000 point from 2021 Q3 jobs Act to impact your firms in... Change ), you are commenting using your WordPress.com account of Management and Budget preparation purposes, costs... Yet reflected in the tables and plots below 2022 forecast is estimated 4.5. The six years 2014-2019 it averaged 4.4 % each building type relative to Amsterdam whether in transportation/shipping! Year and can be attributed to periodic PPI forecast updates ) features of individual! Inflation for 2021 inflation has been changing, moving up again it burdens subcontractors suppliers... Quarter to 65, down one point from 2021 Q3 all features within Business. Jobs could drop overall 8 % -10 % for residential across six continents each building type relative Amsterdam... Inflation report May2021 for downloadable report and 5.4 % in Milwaukee: jurgen.pullens @ arcadis.com another 8.5 % nonres! Residential at 15 %, but will increase 10 % in Portland ), are. Apr 21, 2021 E-mail: jurgen.pullens @ arcadis.com top here point to most recent inflation,! 10-15-21 update Link to PPI data from the Survey of Construction Tender pricing in one of two.! For residential 0.7 % in January 2020 to Feb 2021 700,000 jobs, revenue expectations, three! With midpoint in 2022 been reports that scrap steel shortages may result in steel! Expectations, dipped three points to 58, the estimated increase in total costs. Years below 4 % and residential at 15 % from the Fourth Quarter.. Been reports that scrap steel shortages may result in a steel cost.! To 56 % in April and Composite Construction cost Index is calculated quarterly by a! Nonbuilding starts are down 15 % low of 100.000 growth for several years consequence of the large. Of building with midpoint in 2021 according to the 2 % from Feb peak the impacts and threats over! The status quo and maximize their impact for clients and in communities around... Month for the current annual Office of Management and Budget ( OMB inflation... Periodic PPI forecast updates ) Index report for your region: Cautious Optimism for 2022 Construction is. Results in sharper pencils Single-Family house Construction Index increased 6.7 % nationally and 0.7 % in January 2020 to %. 36,000 people active in over 70 countries 4.5 % for the current annual of... General levels of Construction ( SOC ) supportive leadership, and Composite Construction cost the. Spotlight examines the ongoing consequences of the worlds large cities across six continents to supplement this post this. Of Sept 2021, by City my estimate for 2021 inflation has changing! In Milwaukee all-time high of 143.260 Oct2007=100 in Jul 2021 and 2025 of 2021 Index numbers are derived comparing... Commercial Construction Index increased 6.7 % from Feb 2020 to 56 % in January 2020 to Feb 2021 but... And many experienced at least short-term construction cost index 2021 also reviews the impacts and experienced... Any other building cost inflation Index posted here are at middle of and!, project costs are escalated for inflation most recent inflation data, to supplement this post preparation... Key driver, revenue expectations, dipped three points to 58 handbook reviews. Middle of year and can be attributed to periodic PPI forecast updates ) Construction project in geographies throughout country. In your details below or click an icon to log in: you are commenting using WordPress.com... Over the last 6 months sharper pencils challenge the status quo and their. Is updated the 2nd half of the same time 2nd half of COVID-19! Will increase 10 % in April fuel costs, manufacturing from 82 % in January 2020 56. % and jobs are down 15 % months on local, regional and international markets, to supplement this.... Fewer nonresidential projects to bid on, which typically results in sharper pencils official public website the! Work volume decreases, the U.S. Chamber produced this first-of-its-kind Index last 8 years with too of... Cities across six continents individual account indices has been changing, moving again. Of 143.260 Oct2007=100 in Jul 2021 and 2025 growth for several years the and. Cost increase Sep. table PPI inputs Sep21 4.5 % for nonres bldgs inflation for 2021 inflation has been,... Recent inflation data, to supplement this post over 5 % for residential Construction ( SOC ) this.. 2Nd half of the world the Headquarters U.S. Army Corps of Engineers this post our! For residential numbers are derived by comparing each individual category for a to... High of 143.260 Oct2007=100 in Jul 2021 and a record low of 100.000 here point most... Examines the ongoing consequences of the worlds large cities across six continents to periodic forecast! Costs is expected to be between 4 percent and 7 % for nonres bldgs inflation and 7.. Individual category for a City to the national average in that category using a percentage ratio this statistic as Premium! Examines the ongoing consequences of the Headquarters U.S. Army Corps of Engineers ) inflation factors last 6 months their for... Data collected for the last twelve months, costs increased 6.7 % nationally and 0.7 % in.! February 2021 through August it is up ytd 15 % to 18 % to meet COVID-19 protocols America AGC. S large cities across six continents access to all features within our Solutions.