09/01/2014

Uneven Construction Produces Unchanging Costs

How are building materials trading?

 

Commercial and public construction are mixed. Public is down from last year while commercial is up. Office vacancy is now at 20% nationwide, which should dampen contstruction. Corporate America is still amassing cash and until they start spending it, construction will continue on a lethargic path.

Construction material costs are rising slightly at 1% for the year. Steel is down but lumber and cement prices are up about 3% from last year. Copper and precious metals are down for the second straight year, so there may be an adjustment. Even though it seems that inflation has gone away, expect significant increases in individual commodity prices – some are up over 8% this year.

Following a somewhat flat year in 2013, the price of rubber products has ramped up slightly by 2%. After moderating in 2013 with gains of 1-2%, sand and gravel started to climb upward with gains close to 5%, which is its average over the last 10 years. We now see millwork prices outpacing the rest of the components slightly, with increases in the range of 3-4%. Following the increasing price of lumber, millwork is now up about the same as last year, but still below 2012’s rate of 4-5%.

Clay products have been trading in a very tight range for three years now. They are leaning down since last year and have remained flat over the last six years. An improved public works sector would positively affect this commodity. After six years of flat prices, limestone moved up with increases of 2-3% in 2013 but has since flattened again, showing extremely stable pace.

 


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Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

Replace core drilling with Connectrac In-Carpet and On-Floor Wireways, the proven connectivity solution in open interior spaces of all kinds. These elegant low-profile wireways are great for AV / telecom connectivity wherever it’s needed.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.


 
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