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Construction Economics
ENR publishes both a Construction Cost Index and Building Cost index that are widely used in the construction industry. This website contains an explanation of the indexes methodology and a complete history of the 20-city national average for the CCI and BCI. Both indexes have a materials and labor component. In the second issue of each month ENR publishes the CCI, BCI, materials index, skilled labor index and common labor index for 20 cities and the national average. The first issue also contains an index review of all five national indexes for the latest 14 month period.
Current Cost Indices
  Construction Costs   Building Costs   Materials Cost  
+2.9
Feb 2015

Annual inflation tracked by the CCI slipped back to 2.9% from 3.2% the previous month, as the wage component held steady.


1913 = 100 INDEX VALUE MONTH YEAR
CONSTRUCTION 9961.75 –0.1 +2.9
COMMON LABOR 21228.82 0.0% +2.8%
WAGE $/HR. 40.33 0.0% +2.8%
Steel  Lumber/Drywall  Pipe Cement/Concrete/Aggregate

ENR steel and metal prices for March 2015.

Construction Economics, Materials Trends, SteelStructural steel prices fell 0.5% in March.

Steel prices are starting to tumble. ENR's 20-city average price for three types of structural steel declined 0.5% this month, following February's 0.2% drop. Prices are now just 1.2% higher than a year ago. Likewise, ENR's rebar price fell 0.9% in March and is only 1.6% above 2014's level. Spot market prices tracked by Platts Metal Week also are showing weakness. Platts' rebar price fell 3.7% in February, following a 2.4% decline the previous month. Platts' steel-plate price dropped 8.3%, while its price for hot-rolled steel coil fell 9.0%. Both the plate and coil price cuts followed declines during the previous month.

View all Historical Indices » Historical Indices
  • Construction Cost Index History
    200 hours of common labor at the 20-city average of common labor rates, plus 25 cwt of standard structural steel shapes at the mill price prior to 1996 and the fabricated 20-city price from 1996, plus 1.128 tons of portland cement at the 20-city price, plus 1,088 board-ft of 2 x 4 lumber at the 20-city price.
  • Building Cost Index History
    68.38 hours of skilled labor at the 20-city average of bricklayers, carpenters and structural ironworkers rates, plus 25 cwt of standard structural steel shapes at the mill price prior to 1996 and the fabricated 20-city price from 1996, plus 1.128 tons of portland cement at the 20-city price, plus 1,088 board ft of 2 x 4 lumber at the 20-city price.
Cost Index History Tables

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. The city indexes use local prices for portland cement and 2 X 4 lumber and the national average price for structural steel. The city’s BCI uses local union wages, plus fringes, for carpenters, bricklayers and iron workers. The city’s CCI uses the same union wages for laborers.

ENR Cost Indexes in 20 Cities 1978-2012
  Atlanta, GA   Baltimore, MD   Birmingham, AL   Boston, MA
  Chicago, IL   Cincinnati, OH   Cleveland, OH   Dallas, TX
  Denver, CO   Detroit, MI   Kansas City, MO   Los Angeles, CA
  Minneapolis, MN   New Orleans, LA   New York, NY   Philadelphia, PA
  Pittsburgh, PA   San Francisco, CA   Seattle, WA   St. Louis, MO
ENR Cost Indexes in Canadian Cities 1978-2012
Montreal Toronto
View all Quarterly Cost Reports >> Quarterly Cost Reports
3rd Quarterly Cost Report:
ENR Confidence Index Rises Again
10/06/2014

The Construction Industry Confidence Index rose for the sixth straight quarter, and industry executives believe the market will continue its steady growth through at least the beginning of 2016.

View Complete Report with Data and Analysis
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