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Construction cost trends that will shape 2023 and beyond
Crunching the latest quarterly numbers and giving you the trends that matter, so that you have the insight you need going into the next quarter.
Click on the interactive graphic below or continue scrolling for your specific market.
Overall Construction Cost Index Q4 2022
(JANUARY 2009 = 100)
Overall Construction Cost Index Q4 2022
(JANUARY 2009 = 100)
Construction Cost Index by City
The Mortenson Construction Cost Index is calculated quarterly by pricing a representative non-residential construction project in geographies throughout the country. Click a city below to jump to the latest findings.
Chicago Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Chicago
The data collected for the Mortenson Cost Index is showing a single quarter increase of 0.2% nationally and 0.3% in Chicago. Over the last twelve months, costs increased 6.7% nationally and 8.4% in Chicago.
Denver Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Denver
The data collected for the Mortenson Cost Index is showing a single quarter increase of 0.2% nationally and 0.1% in Denver. Over the last twelve months, costs increased 6.7% nationally and 7.7% in Denver.
Milwaukee Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Milwaukee
The data collected for the Mortenson Cost Index Index is showing a single quarter increase of 0.2% nationally and a decrease of 0.8% in Milwaukee. Over the last twelve months, costs increased 6.7% nationally and 5.4% in Milwaukee.
Minneapolis Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Minneapolis
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. Over the last twelve months, costs increased 6.7% nationally and 5.6% in Minneapolis.
Phoenix Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Phoenix
The data collected for the Mortenson Cost Index is showing a single quarter increase of 0.2% nationally and 1.2% in Phoenix. Over the last twelve months, costs increased 6.7% nationally and 9.0% in Phoenix.
Portland Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Portland
The data collected for the Mortenson Cost Index is showing a single quarter increase of 0.2% nationally and 0.7% in Portland. Over the last twelve months, costs increased 6.7% nationally and 6.2% in Portland.
Seattle Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Seattle
The data collected for the Mortenson Cost Index is showing a single quarter increase of 0.2% nationally and no increase in Seattle. Over the last twelve months, costs increased 6.7% nationally and 4.9% in Seattle.