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28 Oct
20:07

Material, labour prices drive up US construction costs

Construction costs in the US rose for the 12th consecutive month in October, with the overall increase being primarily driven by higher material costs, Kallanish learns from IHS Markit. In October, the IHS Markit construction cost index rose by 8.6 points to 74.2 points, up from 65.6 points in the prior month. The materials/equipment cost sub-index was the primary cost driver, rising by 9.9 points in October to 77.4 points, up from 67.5 points in Septemb…
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