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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  
The annual escalation rate of the CCI held steady at 2.5% for the secnd consecutive month.
20-CITY:
1913 = 100
FEB 2012
Index Value
% change
Month
% change
Year
Construction Cost 9198.29 +0.2 +2.2
Common Labor 19536.58 +0.3 +2.1
WAGE $/HR. 37.12 +0.3 +2.1
Construction Economics, Materials Trends, PipePipe Prices Post Mixed Results

Prices for construction pipe products posted varied results this month, with iron and steel pipe prices inching up, PVC pipe prices slipping, and concrete pipe prices holding steady. ENR’s 20-city average price for ductile-iron pipe is up between 8.5% and 12.15% from a year ago. The Bureau of Labor Statistics’ producer price index for fabricated metal pipe last October was up 7.1% for the year. ENR’s average for reinforcedconcrete pipe in January was up 4% for the year. The October PPI for RCP was up 2% for the year. Copper pipe prices are set to come down. The PPI in October for copper pipe fell 12% between last August and October.

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

    Prices for construction pipe products are showing varied results ranging from steady increases for ductile iron pipe to a sharp rebound for reinforced concrete pipe to a large roll back for PVC water pipe. However, overall prices for many pipe products remain well above last year’s depressed levels. The largest year-to-year increase is 10.8% for 1/2-in. copper water tubing, followed by 10.2% increase for 8-in. DIP. Corrugated steel pipe prices are up between 4% and 7% from August 2009, according to ENR’s 20-city average price. PVC water and sewer pipe have the most modest increases, ranging from 2% to 5%.

    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 by 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. 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 1978-2011
  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 1978-2011
  Montreal   Toronto    
View all Quarterly Cost Reports >> Quarterly Cost Reports
1st Quarterly Cost Report:
Top Industry Execs Believe the Market Has Turned a Corner
03/23/2011
Despite the headline-grabbing attention of federal deficits and budget cuts, the real problems facing construction remain the prolonged recession in the private nonresidential building markets, the weakening of the once-dependable public markets, a stalled housing recovery teetering on the brink of slipping back into recession and high unemployment.

 

View Complete Report with Data and Analysis


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ENR's Historical Cost Index Tables
Find ENR’s Award-Winning Building Material Price Data (published later than March 1, 2005). Monthly tables on 75 different building materials! Click here.
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For 75 Different Materials
Our tables for cement and concrete and aggregate prices are published in print editions in the first issue of every month; pipe prices in the second; lumber and drywall prices the third, and steel prices in the fourth. For information on how to order data sets prior to March, 2005, click here.
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