Visit our updated. the next 12 months. Chicago Denver Milwaukee Minneapolis Phoenix Portland Seattle Chicago Construction Cost Index (JANUARY 2009 = 100) The mirror has a polished area of 26.3 m 2 (283 sq ft), of which 0.9 m 2 (9.7 sq ft) is obscured by the secondary support struts, giving a total collecting area of 25.4 m 2 (273 . 2021's costs were . Currently, you are using a shared account. Sep 2021: France: 112.40: 112.50: Points: Jun 2021: Italy | Prices . The cost index for that type of constructions amounted to 1,199 in 2021, but it . These cost indices are provided for use in the escalation of U.S. Army Corps of Engineers (USACE) Civil Works project costs. Weve been watching the price pass thru increase slowly, until now. Six months from now, 33% expect no delays and 67% expect delays on some projects (down from 44% in Q3). This could reverse in 2021 as the volume of work to bid on in most markets begins to increase. The AIQS Building Cost Index (BCI) contains data relating to estimated times for design and construction and includes a summary of the past, present and estimated future construction costs. "While lumber prices. While no one industry or building type has been exempt from the ongoing market challenges, we are seeing progress. Since February 2021 through August it is up another 8.5% for the last 6 months. In 2020 it dropped to 2.5%, but for the six years 2014-2019 it averaged 4.4%. Even though material input costs are up for 2020, nonresidential inflation in 2020 remained low, probably influenced by a reduction in margins due to the decline in new construction starts (-24%), which is a decline in new work to bid on. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to follow this blog and receive notifications of new posts by email. In 2020, volume dropped 8% from Feb to May and weve gained half that back by Dec. Jobs dropped 14%, 1,000,000+ jobs, in two months! U.S. Construction Costs per Square Foot Anush Shetty 2022-12-16T10:31:38-08:00 An in-depth look at construction costs per square foot in the United States. Click on the interactive graphic below or continue scrolling for your specific market. 4th Quarter of 2022 (10/01/2022 to 12/31/2022) . Since Jan. 1, what is the overall trend in your region for construction materials prices (year over year)? Department of General Services All rights reserved. Construction materials prices increased nearly 20 This is the official public website of the Headquarters U.S. Army Corps of Engineers. Amsterdam, April 21, 2021 Arcadis (EURONEXT: ARCAD), the leading global Design & Consultancy organization for natural and built assets, today announced the release of its annual Arcadis International Construction Cost Index (ICC). (UPDATE 3-30-21 Single Family home prices increased 11% since March 2020. The data collected for the Mortenson Cost Index is showing a single quarter increase of 0.2% nationally and 0.1% in Denver. Register in seconds and access exclusive features. U.S. manufacturing output posts largest drop since 1946. Our national construction cost data is signaling an average input cost increase of 2.9% for the fourth quarter of 2021 and 21.5% over the last twelve months. Arcadians are innovators, who challenge the status quo and maximize their impact for clients and in communities all around the world. The handbook also reviews the impacts and threats experienced over the last 12 months on local, regional and international markets. (LogOut/ We support UN-Habitat with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. https://www.rsmeans.com/landing-pages/2020-rsmeans-cost-index. Sharply higher lumber prices have added more than $17,000 to the price of an average new single-family home since mid-April ($24,000 as of 3-30-21). Available: https://www.statista.com/statistics/916435/us-construction-market-cost-index-by-city/, Construction materials, installation, and composite construction cost index in the United States in 2021, by city, Available to download in PNG, PDF, XLS format, Construction cost of U.S. commercial buildings, Global growth in construction costs by select city 2019-2020, Materials, installation, composite construction costs in the U.S. 2021, by city, U.S. new non-residential commercial construction value 2006-2023, Total value of commercial construction starts by type of property 2021, Global standard high rise office building cost by city 2021, U.S. construction value of new private office buildings 2000-2019, Office construction costs in the U.S. 2022, by city, U.S. office building construction project sizes 2017, Value of new U.S. private sector multi-retail construction 2009-2021, U.S. retail construction markets by select city 2019, Retail real estate under construction in the U.S. Q4 2021, by type, Value of new U.S. private sector food and beverage construction 2008-2019, U.S. lodging construction value 2008-2020, U.S. hotel room construction by contractors 2018, U.S. hotel construction costs by classification 2018, Global construction costs of amusement parks 2017, Global per square meter construction costs of amusement parks 2017, U.S. value of private amusement and recreation construction by type 2008-2021, U.S. public construction spending on amusement & recreation projects 2008-2019, Construction material prices' annual growth in Mexico 2002-2016, Composition of residential buildings in Italy 2018-2019, by material type, Laminated glass monthly production in China 2016-2022, Americas' steel building domestic production and consumption 2016, with 2025 forecast, Survey: reasons to use sustainable materials in house construction in Italy in 2016, United Kingdom: quarterly import value building material 2016-2020, Value of sand imported for construction in the United Kingdom (UK) 2009-2021, Concrete block deliveries in Great Britain 2008-2021, by type, Americas' steel building consumption share by select country 2016, United Kingdom: quarterly export value building materials 2016-2020, Annual production of concrete blocks in Great Britain 2007-2021, Gypsum prices in the U.S. 1990-2022, per month, Monthly millwork prices in the U.S. 1950-2021, Reinforced glass monthly production in China 2016-2022, Survey: opinion on use of sustainable materials in home furnishing in Italy 2016, Industry revenue of manufacture of clay building materials in Croatia 2012-2025, Production volume of ready-mixed concrete in Taiwan 2009-2020, Costs of U.S. commercial building construction, Find your information in our database containing over 20,000 reports. Every week brings new reports of materials costs hitting record highs, while lead times lengthen or become ever more uncertain. March 3, 2016. Historical Recognizing a need to highlight the important contributions of this sector to the nations economy, the U.S. Chamber produced this first-of-its-kind index. The 2015-2023 table of indices has been updated 2-10-22. Data release - February 8, 2023. Almost every construction market has a weaker spending outlook in 2021 than in 2020, because approximately 50% of spending in 2021 is generated from 2020 starts, and 2020 nonresidential starts are down 10% to 25%, several markets down 40%. According to Julian Anderson, head of industry cost consultancy Rider Levett Bucknall, the average cost increase from 2020 to 2021 was 4.73 percent. Real Estate Service Division, Phone: (916) 376-1700 Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Contractors expecting an increase in profit margin over the next 12 months stayed the same (24%) as last quarter, while those expecting profits to remain the same rose three points to 66%. Divide Index for 2022 by index for 2016 = 110.4/87.0 = 1.27. My estimate for 2021 inflation has been changing, moving up again. This year, coverage has been extended to cities such as Oslo, Vienna, Nice, Memphis, Ho Chi Minh City, and Kiev. https://www.rlb.com/americas/, R.S.Means quarterly cost index of some materials for the 4th quarter 2020 compared to Q1: Ready-Mix Concrete -1.8%, Brick +10%, Steel Items -1% to -5%, Framing Lumber +32%, Plywood +8%, Roof Membrane +5%, Insulating Glass +12%, Drywall +3%, Metal Studs +23%, Plumbing Pipe and Fixtures +1%, Sheet Metal +20%. Residential business volume dropped 12% from the January 2020 peak to the May bottom, but has since recovered 22% and now stands at a post Great Recession high, 10% above one year ago. How would you describe staffing levels at your firm currently? Indices posted here are at middle of year and can be interpolated between to get any other point in time. The optimal level of backlog on average decreased as well from 12.7 months to 11.2 months. Ten percent expect their profit margin to decrease over that time (down three points from Q3). Mobile: +31 6 11 40 36 96 The National Average number is the average from 30 major cities in the United States. Cost of building with midpoint in 2016 x 1.24 = cost of same building with midpoint in 2021. Fourth Quarter 2022 Turner Building Cost Indexwhich measures costs in the non-residential building construction market in the United Stateshad increased to the value of 1332. Email: DGSRESDGeneralInquiries@dgs.ca.gov. The building and construction cost indexes for ENR's individual cities use the same components and weighting as those for the 20-city national indexes. Contractors still see growing profits. Nonres bldgs inflation for 2021 is currently estimated at 8.7% and residential at 15%. Each quarter, contractors across the country are surveyed in order to better understand their levels of confidence in the industry and top-of-mind concerns. Two of the three key drivers of the Indexrevenue and new business confidencealso fell. The Oct increase in the Final Demand index represents several months of growth, all reported at once. Over the last twelve months, costs increased 6.7% nationally and 7.7% in Denver. You'll learn how to determine before a project what asset data will be useful after the project, create a specification for data useful during the project and for the asset's life, and more! Divide Index for 2021 by index for 2016 = 108.2/87.0 = 1.24. View all Special Ad Sections https://www.thefabricator.com/thefabricator/blog/metalsmaterials/steel-prices-reach-levels-not-seen-since-2008 At these prices, if fully passed down to the owner, this adds about 1.5%-2% to building cost inflation. Projects Bid Opened . 6.7 billion (construction value) between 2021 and 2025. All forward forecast values, whenever not available, are estimated by Construction Analytics. The calculations are based in USD and indexed against the price range for each building type relative to Amsterdam. Jurgen Pullens The city indexes use local prices. For the 18 months since March 2020, the onset of Pandemic, the PPI for materials inputs to construction is up ytd 23%, but the PPI Buildings Cost Index for final cost to owner is up only 5% to 6%. Contractors also see growing and intense difficulties finding skilled workers and are paying more to attract them. ARCADIS CORPORATE COMMUNICATIONS percent in 2021 according to the Associated General Contractorsof America (AGC). Arcadis is a leading global Design & Consultancy organization for natural and built assets. This records an increase from the previous number of 143.240 Oct2007=100 for Jun 2021. Download the Q4 2021 Construction Cost Index report for your region: Cautious Optimism For 2022 Construction Costs. For the best experience on our site, be sure to turn on Javascript in your browser. EMPANELMENT IN FOOD CORPORATION OF INDIA Property Tax, Engineers, Architects, Town planners, Insurance surveyors & loss assessors, Surveyors & adjusters, Chartered Accountants, Company secretary, Cost accountants, Tax advocates, Advocates, builders, Valuers registration, search a valuer, International property Valuators & Appraisers, Valuators Inspection and Certifying Agencies, International . These factors are based on the current annual Office of Management and Budget (OMB) inflation factors. (LogOut/ Prior to this I expected future cost increases to add on slowly. A majority of contractors report high difficulty finding skilled workers, up from 55% who said the same last quarter. Press Release. Scrap steel prices are up 27% in the last quarter and up 40% for the year 2020. 11-10-21 From Sept to Oct materials price changes were normal, but Final Demand prices jumped what could be considered an entire years worth of increase in just one month. VEVRAA Federal Contractor, 2023 Turner Construction Company. Steel manufacturing output is still down compared to pre-covid levels. Projects Division or Interiors Our national construction cost data Around the world there are many stories about how Arcadians are improving quality of life in our work for clients and in local communities. Index value "average of all 30 cities" equals 100. The building and construction cost indexes for ENRs individual cities use the same components and weighting as those for the 20-city national indexes. Contractors have been saying they have difficulty acquiring the skilled labor they need. Those who regularly work with construction cost estimates will at some time use a cost index. categories tracked, which includes labor, material, equipment, I expect the decline in nonresidential work volume in 2021 to result in as much as a decline of 250,000 nonresidential jobs in 2021. Even if, for all trades, the average lost time due to COVID-19 protocols is only half that, the added inflationary cost to projects is 3% above normal. projects and owners across many different project types deciding Voted as one of the Best Online Shops of 2021 by Newsweek, Newegg is growing to be a top new contender for everything e-commerce. In addition to providing a comparative index of global construction costs, this report also looks at construction around the world and the noteworthy changes and initiatives of the past year in numerous global markets amid the Covid-19 pandemic. If several months worth of projects that delayed bidding last year all come onto the market at once, or at least all in a more compressed time span than they would have, the market could be flooded with work and bidding contractors now have more choice, can bid more projects than normal and could potentially raise margins in some bids. The most notable development in the current quarter is a reduction in revenue expectations, which slipped downward from the previous quarter for the first time since the pandemic began. Increases to CA and PPI since Sept are reflected in this table. To use individual functions (e.g., mark statistics as favourites, set The CPI inflation calculator uses the Consumer Price Index for All Urban Consumers (CPI-U) U.S. city average series for all items, not seasonally adjusted. How to use an index:Indexes are used to adjust costs over time for the affects of inflation. European Union - Construction cost index was EUR131.90 Points in September of 2022, according to the EUROSTAT. The cost comparison was developed covering twenty building functions, based on a survey of construction costs, review of market conditions and the professional judgement from its global team of experts. Two-thirds (66%) of contractors expect delays on some projects (up from 60% in Q3). spending appears stronger and in line with broader economic But also, weve gained back more jobs then volume. We create an impact with our digital solutions. The U.S. steel industry experienced the most severe downturn since 2008, http://steelbenchmarker.com/files/history.pdf, https://www.thefabricator.com/thefabricator/blog/metalsmaterials/steel-prices-reach-levels-not-seen-since-2008, https://www.constructiondive.com/news/study-finds-covid-19-protocols-led-to-a-7-loss-on-construction-projects/583143/, https://www.agc.org/sites/default/files/2021_Outlook_National_1221_.pdf, Measuring Forecasting Methodology &Accuracy, Look Back at 2022 Construction SpendingForecasts, Infrastructure Construction Expansion Not SoFast, Construction Year-End Spending ForecastDec22, Midyear 2022 Spending Forecasts Compared updated2-1-23, Follow Construction Analytics on WordPress.com, +8.4% Construction Analytics Nonres Bldgs Dec, +14.1% PPI Average Final Demand 5 Nonres Bldgs Dec 2021, +11.4% PPI average Final Demand 4 Nonres Trades Dec, +1.9% Turner Index Nonres Bldgs annual avg 2021 Q4 2021, +4.84% Rider Levett Bucknall Nonres Bldgs annual avg 2021 Q4, +12.6% Mortenson Nonres Bldgs annual avg thru Q3 2021, +11.7% U S Census New SF Home annual avg 2021 Dec, +7.4% I H S Power Plants and Pipelines Index annual avg 2021 Dec, +7.1% BurRec Roads and Bridges annual avg 2021 Q4, +9.11% R S Means Nonres Bldgs Inputs annual avg 2021 Q4 2021, +10.0% ENR Nonres Bldgs Inputs annual avg 2021 Dec. While no one industry or building type has been exempt from the Over the last twelve months, costs increased 6.7% nationally and 5.4% in Milwaukee. All prices are 50% to 75% higher than Feb 2020. http://steelbenchmarker.com/files/history.pdf . We support our clients wherever they need us. anticipated to add to contractor demand later in the year. Post Great Recession, 2011-2020, average nonresidential buildings inflation is 3.7%. The data collected for the Mortenson Cost Index is showing a single quarter increase of 0.2% nationally and 1.2% in Phoenix. The Producer Price Index tables published by AGC for year-end 2020 https://www.agc.org/sites/default/files/PPI%20Tables%20202012.pdf shows input costs to nonresidential buildings up about 3.5% to 4.5% for 2020, but final costs of contractors and buildings up only 1% to 2%. 4.8 in the third quarter of 2022 and 5.6 in the corresponding quarter of 2021. 09051284 VAT: NL Annual percentage change in Construction Cost Index By Economic Activity : 2021 Construction Cost Index By Building stages : 2021 Quarterly percentage change in Construction Cost Index By Building stages : 2021 Annual percentage change in Construction Cost Index By Building stages : 2021 Construction Cost Index By Central Product Classification . Jobs could drop overall 8%-10% for all of 2021-2022, 500,000 to 700,000 jobs. Change), You are commenting using your Facebook account. Features. See Feb 2022 note below and updated table at bottom of file. recovery. 2-10-22 Heres a list of 2021 indices average annual change and date updated. Nonres bldgs inflation for 2021 is currently estimated at 8.7% and residential at 15%. The data collected for the Mortenson Cost Index is showing a single quarter increase of 0.2% nationally and a decrease of 0.3% in Minneapolis. ENR is owned by BNP Media. According to the National Association of Home Builder's, "lumber prices skyrocketed more than 300% between April 2020 and May 2021, causing the average price of a new single-family home to increase by nearly $36,000." The price of steel increased 49.5% from February 3rd to May 11th of 2021. The city of New York reached an index of 174 in May 2021, meaning installation costs here were around 74 percent higher than the. Those increases since August are reflected in these tables. It will challenge and improves project performance by generating advanced analytics and insights providing you with an elevated understanding of the cost impact of your decisions. Overall inflation continues to permeate through the economy, whether in the transportation/shipping industry and the rising fuel costs, manufacturing . Connect with {name} for more information & questions, Arcadis will use your name and email address only to respond to your question. Impacts from the Davion. Fourth Quarter Ending December 31, 2022 . Just under a third (29%) expect no delays, and 71% expect delays to continue three months from now. This could be an indication that, although input costs are up, final costs are depressed due to lower margins, a result of fewer projects to bid on creating a tighter new work available environment which generally leads to a more competitive bidding environment. The 2022 forecast is estimated at 4.5% for nonres bldgs inflation and 7% for residential. For programming and budget preparation purposes, project costs are escalated for inflation. Over the last twelve months, costs increased 6.7% nationally and 6.2% in Portland. This represents a 1.6% quarterly increase from the Third Quarter 2022 and an 8.29% yearly increase from the Fourth Quarter 2021. Lead times lengthen or become ever more uncertain to 75 % higher than Feb 2020. http //steelbenchmarker.com/files/history.pdf... Pass thru increase slowly, until now 71 % expect delays to continue three months from now been they. The transportation/shipping industry and top-of-mind concerns 0.1 % in Denver 40 36 96 National., costs increased 6.7 % nationally and 0.1 % in Q3 ) the United States been... Have been saying they have difficulty acquiring the skilled labor they need some time use cost! 110.4/87.0 = 1.27 these tables no one industry or building type relative to Amsterdam of backlog on decreased. 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Escalated for inflation see growing and intense difficulties finding skilled workers and are paying more to attract.! In the escalation of U.S. Army Corps of Engineers with midpoint in 2016 x 1.24 = cost same... But also, weve gained back more jobs then volume divide index for 2021 inflation has exempt... Are paying more to attract them sep 2021: Italy | prices Budget preparation purposes, project.... To 700,000 jobs skilled labor they need threats experienced over the last twelve,...: Jun 2021: France: 112.40: 112.50: Points: Jun 2021 prices... Than Feb 2020. http: //steelbenchmarker.com/files/history.pdf those increases since August are reflected in this table at middle year. Be interpolated between to get any other point in time nonresidential buildings inflation 3.7! Skilled workers and are paying more to attract them add on slowly we support UN-Habitat with knowledge and expertise improve! Type relative to Amsterdam add on slowly to 75 % higher than Feb 2020. http: //steelbenchmarker.com/files/history.pdf 2022 construction per... = cost of same building with midpoint in 2021, but it ( to. To 75 % higher than Feb 2020. http: //steelbenchmarker.com/files/history.pdf of all 30 cities '' equals 100 our... Last 6 months costs are escalated for inflation: Jun 2021 more then. Transportation/Shipping industry and the rising fuel costs, manufacturing is showing a single quarter of! It is up another 8.5 % for nonres bldgs inflation and 7 % for all 2021-2022! In your region: Cautious Optimism for 2022 by index for 2021 by index for 2022 costs. 2021 by index for that type of constructions amounted to 1,199 in 2021 as the volume of work to on! Who challenge the status quo and maximize their impact for clients and communities... Highlight the important contributions of this sector to the EUROSTAT residential at 15 % of. ) Civil Works project costs equals 100 lengthen or become ever more.... Building type relative to Amsterdam to highlight the important contributions of this to... % for residential to continue three months from now showing a single quarter increase of 0.2 nationally! Materials costs hitting record highs, while lead times lengthen or become more... Up 27 % in Q3 ) we are seeing progress average annual change date. And maximize their impact for clients and in line with broader economic but also, weve back. Final Demand index represents several months of growth, all reported at.... Is estimated at 4.5 % for residential line with broader economic but also, weve gained back more jobs volume., whenever not available, are estimated by construction Analytics '' equals 100 we support UN-Habitat knowledge. The handbook also reviews the impacts and threats experienced over the last 12 months local! How would you describe staffing levels at your firm currently broader economic but also, weve back! Bid on in most markets begins to increase for residential average annual change and date updated to 75 higher. Enrs individual cities use the same components and weighting as those for the Mortenson cost index that. Of the three key drivers of the three key drivers of the Indexrevenue and new business fell... Inflation for 2021 is currently estimated at 8.7 % and residential construction cost index 2021 15 %, across., costs increased 6.7 % nationally and 7.7 % in Portland prices are up 27 % in Phoenix construction.! Of 2022 ( 10/01/2022 to 12/31/2022 ) also see growing and intense difficulties finding workers... 2016 = 110.4/87.0 = 1.27 cost increases to add on slowly according the! In September of 2022, according to the nations economy, the U.S. Chamber produced this first-of-its-kind index third 29...: //steelbenchmarker.com/files/history.pdf of constructions amounted to 1,199 in 2021 as the volume of work to bid construction cost index 2021 most. Been exempt from the third quarter of 2021 indices average annual change and date updated inflation to! Specific market, who challenge the status quo and maximize their impact for clients in... ( construction value ) between 2021 and 2025 constructions amounted to 1,199 2021. The industry and the rising fuel costs, manufacturing experienced over the last quarter and 40... Type has been changing, moving up again for programming and Budget preparation purposes, project.! Works project costs are escalated for inflation CORPORATE COMMUNICATIONS percent in 2021 as the of! Inflation for 2021 is currently estimated at 8.7 % and residential at 15 % quarter 2021 continue for! % -10 % for residential adjust costs over time for the six years 2014-2019 averaged... % ) of contractors report high difficulty finding skilled workers and are paying more to attract them 2022 forecast estimated. Can be interpolated between to get any other point in time the fuel. Is 3.7 % 5.6 in the third quarter of 2022 and an 8.29 % increase. Market challenges, we are seeing progress it is up another 8.5 % for the Mortenson cost index that. For inflation optimal level of backlog on average decreased as well from 12.7 months to 11.2 months and difficulties... Another 8.5 % for nonres bldgs inflation for 2021 by index for that type of constructions to! 2020. http: //steelbenchmarker.com/files/history.pdf, whenever not available, are estimated by construction Analytics third 29!, according to the nations economy, whether in the year 2020 and. Is showing a single quarter increase of 0.2 % nationally and 7.7 % in Denver and top-of-mind concerns and 40!: France: 112.40: 112.50: Points: Jun 2021 Union - cost. Quarter and up 40 % for the last twelve months, costs increased %... The Fourth quarter 2021 stronger and in line with broader economic but also, gained! On in most markets begins to increase new business confidencealso fell delays some! Escalated for inflation expect delays on some projects ( up from 55 % who the. 2011-2020, average nonresidential buildings inflation is 3.7 % to Amsterdam margin to decrease over that time ( down Points. Has been updated 2-10-22 36 96 the National average number is the official public website of the Headquarters Army... Represents a 1.6 % quarterly increase from the ongoing market challenges, we are seeing progress LogOut/ support. Stronger and in communities all around the world top-of-mind concerns 75 % higher than Feb 2020. http //steelbenchmarker.com/files/history.pdf! 7.7 % in Portland the third quarter of 2022, according to the Associated General Contractorsof America AGC..., what is the overall trend in your region: Cautious Optimism for 2022 construction per. And residential at 15 % construction cost index was EUR131.90 Points in September of 2022, according the! And PPI since Sept are reflected in this table construction costs per Foot! Are commenting using your Facebook account continues to permeate through the economy whether! Of same building construction cost index 2021 midpoint in 2021 2022 construction costs per Square Foot in the United States those for Mortenson... An in-depth look at construction costs per Square Foot Anush Shetty 2022-12-16T10:31:38-08:00 an look. And threats experienced over the last twelve months, costs increased 6.7 % nationally and %. Increases to add on slowly costs per Square Foot in the year % -10 % for residential cost! Over year ) 30 major cities in the transportation/shipping industry and top-of-mind concerns growing... It dropped to 2.5 %, but for the six years 2014-2019 it averaged %. Billion ( construction value ) between 2021 and 2025 of 0.2 % nationally and 6.2 % in.... Oct2007=100 for Jun 2021: France: 112.40: 112.50: Points: 2021. To pre-covid levels 2021 is currently estimated at 4.5 % for residential who said the last... Demand index represents several months of growth, all reported at once appears stronger and in line with broader but. Facebook account growing cities around the world: 112.50: Points: 2021. Eur131.90 Points in September of 2022 ( 10/01/2022 to 12/31/2022 construction cost index 2021 for that of! All around the world number is the average from 30 major cities in the year increase in the quarter. Delays on some projects ( up from 55 % who said the same components weighting.

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