2023 Construction Index Update

Construction Economic Update

The construction market is as volatile as ever, which makes financial planning for new and renovated facilities a challenge. As industry experts, our preconstruction team regularly tracks construction costs and keeps a pulse on the market for our clients.

We track 17 construction-specific and general economic indicators that are compiled, summarized and published on a quarterly basis.

Material prices remain volatile due to increasing product demand on leveled product outputs coupled with continued supply chain disruptions.

From preconstruction through close-out, communication remains a top priority in monitoring material availability and procurement schedules.