RLB: Construction costs rise 1.2% in Q4; up 5.2% YOY

Applying the twelve markets that amount surveyor and construction consulting company Rider Levett Bucknall tracked in its fourth quarter 2019 North The us Quarterly Construction Price tag Report, U.S. construction fees rose an normal of 5.2% from October 2018 to October 2019. The normal improve in construction fees amongst the 3rd and fourth quarters of 2019 was 1.2%.

Marketplaces coming in over the year-more than-year normal had been:

  • San Francisco (7.8%)
  • Chicago (6.3%)​
  • Honolulu (6.2%)
  • Seattle (6.2%)
  • Washington, D.C. (6.2%)
  • Portland (5.8%)​

Metros parts coming in down below the normal had been:

  • Phoenix (5%)
  • Las Vegas (4.8%)
  • Denver (4.3%)
  • New York (4.3%)
  • Boston (4.2%)​
  • Los Angeles (1.1%)​

RLB also laid out the sq. footage selling prices for a assortment of challenge forms in the twelve markets and provided small and higher value ranges for each and every. The most high-priced sort of challenge was as higher as $870 per sq.

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