Construction escalation since 2020

  • What is the inflation rate today?

    Basic Info.
    US Inflation Rate is at 3.70%, compared to 3.67% last month and 8.20% last year..

  • A shortage of workers (particularly in the skilled trades), a stagnant supply of raw materials and increased input costs have all contributed to price growth.
    Development charges have also spiked alongside higher materials costs and increases in expected population growth.
  • A shortage of workers (particularly in the skilled trades), a stagnant supply of raw materials and increased input costs have all contributed to price growth.
    Development charges have also spiked alongside higher materials costs and increases in expected population growth.Jun 27, 2023

Can construction cost escalation be predicted?

Predicting cost escalation is difficult enough but especially now

As the pandemic lingers on, its effects on the economy and markets throughout the world make it nearly impossible to predict cost increases on future construction projects

What is the escalation rate of construction in 2023?

Last year, large cities like LA and SF shared an escalation rate of around 13%, while other cities saw escalation figures between 8% to 11%

After a year of historic construction cost increases worldwide, we expect the U

S to have a moderate escalation of construction of 4 3% to 5% in 2023

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