To date, 2017 Construction Labor Cost Data shows a increase of 2.5%-2.7% (over 12 months period), indicating a strong overall industry and consistent with forecasts of an approximate 3% increase for the year. Some trades are anticipated to rise as much as 4%. (BLS)
Real gross Private investment in nonresidential structures increased 22% , while government gross investment in structures was down 15% (Bureau of Economic Analysis, BEA).
Private office construction spending increased 29% in 2017, but demand has decreased (Census Bureau).
Locally researched 2017 Construction Labor Cost Data, as well as full line items tasks including labor, material, and equipment, is now available. Stop relying up “national average” cost books, and get the actionable construction cost data your need!
