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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  
+2.4%
May 2015

CONSTRUCTION cost

1913 = 100 INDEX VALUE MONTH YEAR
CONSTRUCTION 10036.38 0.0 +2.4%
COMMON LABOR 21425.664 0.8% +2.4%
WAGE $/HR. 40.71 0.0% +1.6%
Cement/Concrete/Aggregate Steel  Lumber/Drywall  Pipe

ENR's asphalt, cement and concrete prices for July 2015.

Construction Economics, Materials Trends, Cement, Concrete, AggregatesPortland cement prices drop

Portland cement prices dropped 0.1% this month, per ENR's 20-city average, after seeing a 0.3% increase in June. According to the Bureau of Labor Statistics' producer price index, the price for cement did not change from April to May after increasing 2.8% the previous month but saw a boost of 8.4% since the same time last year. Ready-mix concrete prices are up 3.3% over July 2014, declining slightly from an annual escalation rate of 3.5% in June. The price of concrete block held steady since last month but is up 2.2% annually, dropping from June's 3.7% yearly increase rate.

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
1st Quarterly Cost Report:
Industry Market Confidence Hits Record High
03/24/2015

The construction market has enjoyed steady growth for several years. Most industry executives believe this growth will continue through 2016.

View Complete Report with Data and Analysis
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ENR's Historical Cost Index Tables
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