ENR Construction Cost Index
JUL 2017 vs. JUL 2016
Total Construction Costs: +4.0%
Building Cost Index: +3.3%
Material Cost Index: +0.3%
Skilled Labor Costs: +1.8%
Common Labor Costs: +3.4%
Quick Analysis:
Inflation in labor costs continue to be the primary driver of the increasing Total Construction Cost Index. This trend accelerated in July with common labor costs increasing even further, thus driving the Total Construction Cost Index to mark a 4% increase over the prior year's costs.
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