Multifamily starts fell in September amid high construction costs

High financing costs, elevated fuel prices and tariffs are driving up homebuilding prices, according to experts.

Contractors’ backlog jumped in September as their profit outlook fell

High construction costs are taking a toll on sales and margin expectations, according to Associated Builders and Contractors.

In our age of perma-shock, global construction confidence has plummeted: Currie & Brown

Uncertainty adds $2trn to global construction costs and most expect things to get worse. The post In our age of perma-shock, global construction confidence has plummeted: Currie & Brown appeared first on Construction Management.

GIB prices drop but construction cost pressure remains

Construction costs have edged higher once again, despite a small reduction in the price of gib and some other commonly used building materials. QV CostBuilder’s latest update shows trade rates increased by an average of 0.2% in September, with a wide range of individual product movements pulling costs in different directions. Most notably, the cost […] The post GIB prices drop but construction cost pressure remains appeared first on Building Today.

Construction costs rose 7.4% annually in July

Contractors will still likely face additional input price jumps in the months ahead, especially as fuel and other materials prices swell, according to economists.

What are the most common methods for estimating construction costs?