This is a print-friendly version of www.whitehutchinson.com/news/lenews/2005/04/article103.shtml

White Hutchinson Leisure & Learning Group, Kansas City, MO, USA

Construction costs escalate

New construction costs are continuing to increase. From January 2004 to February 2005, new construction costs have increased 10.6%, mainly due to material price increases. Whereas materials used to account for 50% of construction costs, materials now represent 55% of total costs.

The largest price increase has been with steel products. Since January 2004, steel mill products have increased in price by 46.2%. Other cost increases in the past 13 months include:

Generally, new construction costs were increasing less than inflation or more or less in step with it until 2004, when prices starting shooting skyward.

These price increases are sure to have a significant impact on the feasibility of many new LBE projects.

© 1999 - 2026, White Hutchinson Leisure & Learning Group, Inc.
The contents of this website and eNewsletters are protected by USA and international copyright law. Permission is granted to download and print single copites of any of the contents or articles for personal use. No other copies may be made. Educational institutions may obtain permission to make multiple copies for classroom use by e-mailing us with details. The contents of articles may be quoted provided credit is given to the "(author's name), White Hutchinson Leisure & Learning Group, Kansas City, MO, USA". All other rights for use or reproduction of the contents and articles are reserved.