Brought to you by Gordian, RSMeans data provides accurate and up-to-date construction estimating cost data that helps owners, architects, cost engineers, contractors and others to precisely project and control the cost of both new building construction and renovation projects. Downward pressure continues as some trade contractors and suppliers work to rebuild their backlogs. 1984 to present. The current five year CCCI table is updated the 2nd half of the month for the current month. 2015=100 Published 12 January 2021; December 2020; Change from last month, per cent Change from last year, per cent Index; 1 Construction cost index for residential buildings is weighted by index for detached houses of wood and index for multi-dwelling houses. The chart above shows the national construction cost index increase from January 2010 to January 2015, from low 140's to just under 163. The indexes are based on data from the Survey of Construction (SOC). Our Seattle construction cost index increased 2.2 percent overall in 2020. We recommend planning for project costs to increase 3% in 2021. Construction cost index for residential buildings. For the best experience on our site, be sure to turn on Javascript in your browser. Click a city below to jump to the latest findings. The Mortenson Construction Cost Index is calculated quarterly by pricing a representative non-residential construction project in geographies throughout the country. For the best experience on our site, be sure to turn on Javascript in your browser. The Construction Cost Index for multi-dwelling buildings rose by 0.6 percent between November and December 2020. The Construction's material cost is tend to change between area to area, For example construction cost in village is not equal to the construction cost in City. The building and construction cost indexes for ENR’s individual cities use the same components and weighting as those for the 20-city national indexes. This, together with losses in productivity due to ongoing COVID-19-related procedures will offset much of the downward pressure in the market. Taking into consideration the elements of design, architecture, construction, furniture, fixtures, IT implementation and more, the average cost to build out an office is $196.49 per square foot. When you use a source of construction cost data which is based on a national average (such as RSMeans cost data), it is necessary to adjust those costs to a specific location. All statistical news for this statistic Turner Construction Company announced that the Second Quarter 2019 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1149. This, together with losses in productivity due to ongoing COVID-19-related procedures will offset much of the downward pressure in the market. 2019 Commercial Construction Costs Per Square Foot. .category-view { Designed for construction professionals, RSMeans data educational programs are aimed at improving cost estimating, project management, administration and facilities management skills. padding:0 15px 20px 15px; The Construction Price Indexes provide price indexes for single-family houses sold and for single-family houses under construction. RS Means and ENR produce traditional input indices. Oriented strand board (OSB) led price increases, up 7.1% since March (not seasonally adjusted). Our Denver construction cost index was flat overall in 2020. 2021-01-15. Training classes are intensive one- and two-day programs complete with workbooks, reference materials and instructors with decades of experience. The prices of most building materials increased in April, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. Downward pressure continues as some trade contractors and suppliers work to rebuild their backlogs. } Click a city below to jump to the latest findings. U.S. Construction Costs per Square Foot Christa Garcia 2021-01-25T10:43:48-08:00 An in-depth look at construction costs per square foot in the United States. Cost Indices. Crunching the latest quarterly numbers and giving you the trends that matter, so that you have the insight you need going into the next quarter. With your 2020 RSMeans data Cost Book, you have access to the most reliable construction cost estimating data available. Downward pressure continues as some trade contractors and suppliers work to rebuild their backlogs. {{widget type="Magento\Cms\Block\Widget\Block" template="widget/static_block/default.phtml" block_id="288" type_name="CMS Static Block"}},