Connecting
the dots
Construction cost trends
that will shape 2020 and beyond
Mortenson analysts have crunched the latest quarterly
numbers and pulled out the trends that matter.
Below is the insight you need going into the next quarter.
Overall Construction Cost Index Q2 2020
(JANUARY 2009 = 100)
Overall Construction Cost Index Q2 2020
(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 COVID-19 pandemic had an immediate negative impact on commercial construction activity nationwide, including both upward and downward pressure on pricing. Wage increases from previously-negotiated collective bargaining agreements, productivity losses caused by new COVID-19-related procedures, and supply chain disruptions due to governmental orders were offset by a more competitive atmosphere. While earlier tariff-driven disruptions are largely resolved and the latest employment numbers may indicate a stabilization in activity, the current economic uncertainty has caused our industry to take pause and proceed carefully. We anticipate the potential for a reduction in construction costs through the remainder of 2020.
Denver Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Denver
The COVID-19 pandemic had an immediate negative impact on commercial construction activity nationwide, including both upward and downward pressure on pricing. Productivity losses due to new COVID-19-related procedures and supply chain disruptions due to governmental orders were offset by a more competitive atmosphere. While earlier tariff-driven disputes are largely resolved and the latest employment numbers may indicate a stabilization in activity, the current economic uncertainty has caused our industry to take pause and proceed carefully. We anticipate the potential for a reduction in construction costs through the remainder of 2020.
Milwaukee Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Milwaukee
The COVID-19 pandemic had an immediate negative impact on commercial construction activity nationwide, including both upward and downward pressure on pricing. Wage increases from previously-negotiated collective bargaining agreements, productivity losses caused by new COVID-19-related procedures, and supply chain disruptions due to governmental orders were offset by a more competitive atmosphere. While earlier tariff-driven disruptions are largely resolved and the most recent employment numbers remain healthy, the current economic uncertainty has caused our industry to take pause and proceed carefully. We anticipate the potential for a reduction in construction costs through the remainder of 2020.
Minneapolis Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Minneapolis
The COVID-19 pandemic had an immediate negative impact on commercial construction activity nationwide, including both upward and downward pressure on pricing. Wage increases from previously-negotiated collective bargaining agreements, productivity losses caused by new COVID-19-related procedures, and supply chain disruptions due to governmental orders were offset by a more competitive atmosphere. While the earlier tariff-driven disruptions are largely resolved, the current economic uncertainty has caused our industry to take pause and proceed carefully. We anticipate the potential for a reduction in construction costs through the remainder of 2020.
Phoenix Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Phoenix
The COVID-19 pandemic had an immediate negative impact on commercial construction activity nationwide, including both upward and downward pressure on pricing. Productivity losses caused by new COVID-19-related procedures and supply chain disruptions due to governmental orders were offset by a more competitive atmosphere. While the latest construction employment numbers remain healthy, and earlier tariff-driven disruptions are largely resolved, the current economic uncertainty has caused our industry to take pause and proceed carefully. We anticipate the potential for a reduction in construction costs through the remainder of 2020.
Portland Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Portland
The COVID-19 pandemic had an immediate negative impact on commercial construction activity nationwide, including both upward and downward pressure on pricing. Wage increases from previously-negotiated collective bargaining agreements, productivity losses caused by new COVID-19-related procedures, and supply chain disruptions due to governmental orders were offset by a more competitive atmosphere. While earlier tariff-driven disruptions are largely resolved, the current economic uncertainty has caused our industry to take pause and proceed carefully. We anticipate the potential for a reduction in construction costs through the remainder of 2020.
Seattle Construction Cost Index
(JANUARY 2009 = 100)
Advice for Building Owners in Seattle
The COVID-19 pandemic had an immediate negative impact on commercial construction activity nationwide, including both upward and downward pressure on pricing. Wage increases from previously-negotiated collective bargaining agreements, productivity losses caused by new COVID-19-related procedures, and supply chain disruptions due to governmental orders, were offset by a more competitive atmosphere. While earlier tariff-driven disruptions are largely resolved, the current economic uncertainty has caused our industry to take pause and proceed carefully. We anticipate the potential for a reduction in construction costs through the remainder of 2020.