Beck’s Biannual Cost Report: Fall 2015
- Sep 1, 2015
Twice a year our estimating teams publish a cost report addressing the major markets and offices that we serve.
Several trends related to the busy construction market were noted in the Fall 2015 edition.
- In all markets construction remains very strong, and the trend is projected to continue for the foreseeable future. Office, healthcare and higher education projects continue to spring up and the multifamily market is expanding.
- We continue to see a very tight labor market. The availability of subcontractors will likely contribute to cost escalation and competition among the industry for manpower.
- Costs for materials are steadily increasing. Materials like glass, steel and aluminum are in short supply.
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