Decreasing Demand Keeps Construction Costs in Check

Jan. 6, 2010
BNi Building News shares construction cost trends in 2009

After peaking in the third quarter of 2008, overall prices for construction materials fell steadily until the latter part of 2009, when the decreases began to moderate for most materials. Nevertheless, current overall prices are still up 26 percent since 2004. Exceptions to the overall trend are copper and aluminum, which shot upward in the second half of 2009, driven in part by China’s demand for raw materials. Conversely, lumber materials have fallen more steadily and steeply than construction materials generally.

Modest demand will likely keep construction costs in check until the latter half of 2010.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Building Better Schools

Download this digital resource to better understand the challenges and opportunities in designing and operating educational facilities for safety, sustainability, and performance...

Tips to Keep Facility Management on Track

How do you plan to fill the knowledge gap as seasoned facility managers retire or leave for new opportunities? Learn about the latest strategies including FM tech innovations ...

The Beauty & Benefits of Biophilic Design in the Built Environment

Biophilic design is a hot trend in design, but what is it and how can building professionals incorporate these strategies for the benefits of occupants? This eHandbook offers ...

The Benefits of Migrating from Analog to DMR Two-Way Radios

Are you still using analog two-way radios? Download this white paper and discover the simple and cost-effective migration path to digital DMR radios that deliver improved audio...