Although we are seeing quite a drop in local building costs – the national average is still elevated over 2008.
With steel leading the way again this month, Engineering News Record reports the following figures for April 2009:
| 20-CITY: 1913 = 100 |
April 2009 Index Value |
% change Month |
% change Year |
|---|---|---|---|
| Construction Cost | 8528.39 | -0.1 | +5.1 |
| Common Labor | 18015.79 | 0.0 | +5.4 |
| WAGE $/HR. | 34.23 | 0.0 | +5.4 |
| 20-CITY: 1913 = 100 |
April 2009 Index Value |
% change Month |
% change Year |
|---|---|---|---|
| Building Cost | 4761.05 | -0.1 | +4.1 |
| Skilled Labor | 8112.22 | 0.0 | +4.1 |
| WAGE $/HR. | 45.02 | 0.0 | +4.1 |
| 20-CITY: 1913 = 100 |
April 2009 Index Value |
% change Month |
% change Year |
|---|---|---|---|
| Materials | 2713.54 | -0.3 | +3.8 |
| CEMENT $/TON | 100.91 | -0.8 | -0.4 |
| STEEL $/CWT | 44.83 | -0.2 | +8.4 |
| LUMBER $/MBF | 411.60 | -0.7 | -4.2 |