New Quarterly Cost Report Available from Rider Levett Bucknall

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Rider Levett Bucknall has released its latest Quarterly Cost Report, providing a perspective on the North American construction industry in 14 key markets. With data current to mid-Q2 2023, the latest RLB quarterly cost report shows that the national average increase in construction costs was 1.56% over the previous quarter, with Chicago, Denver, Las Vegas and San Francisco experiencing increases over the national average this quarter. Boston, Honolulu, Los Angeles, Portland, Seattle and Washington, D.C. experienced gains were less than the national average. Quarterly Cost Report notes: The U.S. quarterly national average increase in construction cost is approximately 1.56%, compared to 7.22% year-over-year The construction … Read more

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Rider Levett Bucknall Releases Quarterly Cost Report for North America, Puts Construction Trends in Perspective

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International property and construction consultancy firm Rider Levett Bucknall has released its new quarterly cost report for North America. With data up to date to July 1 and featuring construction cost information for 14 U.S. and Canadian markets, the QCR provides a statistical view of the state of the construction industry, detailing indicative construction costs for eight building sectors. Upon publication of the QCR, Julian Anderson, FRICS, president of RLB North America, said, “While we expect that construction will face a downturn in the next year, this doesn’t necessarily mean that the construction industry is in trouble; it does mean … Read more

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Rider Levett Bucknall Releases Q3 USA Construction Report

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PHOENIX, Ariz. – In its latest quarterly survey of U.S. construction costs, international property and construction cost-consultant firm Rider Levett Bucknall reports that construction spending in the United States is on track to increase approximately 6 percent in 2016. Overall, the national average increase in construction costs for the quarter was approximately 1.5 percent. While spending is falling short of the robust 20 percent growth seen by select segments of the industry in 2015, the outlook for the construction field is reasonably favorable, notes the report. Continued low interest rates, rising consumer confidence and healthy job growth also contribute to … Read more

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Residential Sector Continues to Dominate North American Construction Market

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PHOENIX, Ariz. – Rider Levett Bucknall recently released the third edition of its North American RLB Crane Index. The report measures construction activity in major cities across North America and predicts the health of the U. S. construction industry. According to the new issue of the index, the residential market continues to lead construction activity in the industry. Other notable sectors that are experiencing growth and contributing to overall activity are mixed-use, commercial and hospitality projects. The North American RLB Crane Index reports that Calgary, Canada; Denver, Colorado; Honolulu, Hawaii; San Francisco, California; Seattle, Washington and Toronto, Canada are leading … Read more

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U.S. Construction Industry in Best Shape Since Financial Crisis

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PHOENIX, Ariz. – Rider Levett Bucknall reports that the U.S. construction industry “is in the best shape that it has been since the depths of the financial crisis,” following continued upward trends in construction activity and steady growth in the last half of 2015. The firm notes that, according to the Bureau of Labor Statistics construction unemployment is down to 6.2 percent – nearly at economic full employment – and that its research shows that activity is up in virtually all areas with the possible exception of the oil centers. The firm reported its findings in its newly released Fourth … Read more

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