The Rising Cost of Construction

On average, building costs have risen 7.1% since 2012 due to a number of factors including a shortage of labor and increased material costs.

Property cost 2012 vs 2017

 

Includes data from RSMeans®, Oldcastle, US Department of Labor Bureau of Labor Statistics, Ohio Department of Transportation, National Association of Home Builders, The Concrete Producer, Everything-About-Concrete.com and Business.com.