Inflation Will Power Up As the Recovery Gains Steam

The construction recovery is turning the corner and should be on solid ground next year. Dodge Data & Analytics is predicting that the dollar value of total construction starts will increase 9% next year, following annual increases of 5% in 2014, 9% in 2013 and 10% in 2012. Construction inflatio...

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Veröffentlicht in:ENR 2014-12, Vol.273 (17), p.34
1. Verfasser: Grogan, Tim
Format: Artikel
Sprache:eng
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Zusammenfassung:The construction recovery is turning the corner and should be on solid ground next year. Dodge Data & Analytics is predicting that the dollar value of total construction starts will increase 9% next year, following annual increases of 5% in 2014, 9% in 2013 and 10% in 2012. Construction inflation reacted quickly to the initial upturn in demand, especially with products related to housing. However, inflation then slowed down in 2013 and 2014. The flip side of that coin is how essential labor costs are to forecasting the publication's indexes. Union labor costs make up 81% of the Construction Cost Index and 66% of the Building Cost Index. On the materials side of the cost equation, the publication sees materials prices picking up after relatively stingy increases in 2014, despite a robust non-residential building market. It predicts its cement price to rise 5.2% in 2015, after climbing 5.0% this year.
ISSN:0891-9526