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Construction cost trends that will shape 2022 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 Q1 2022

(JANUARY 2009 = 100)

Overall Construction Cost Index Q1 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 an increase of 2.3% nationally and 2.7% in Chicago for the first quarter of 2022. The construction market, as with many, continues to experience significant inflationary challenges in early 2022. Optimism for moderating costs in the latter half of the year has lessened and will be dependent of a variety of external factors including global stability, supply chain continuity, labor markets and general economic conditions in the U.S.

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Denver Construction Cost Index

(JANUARY 2009 = 100)

Advice for Building Owners in Denver

The data collected for the Mortenson Cost Index is showing an increase of 2.3% nationally and 3.2% in Denver for the first quarter of 2022. The construction market, as with many, continues to experience significant inflationary challenges in early 2022. Optimism for moderating costs in the latter half of the year has lessened and will be dependent of a variety of external factors including global stability, supply chain continuity, labor markets and general economic conditions in the U.S.

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Milwaukee Construction Cost Index

(JANUARY 2009 = 100)

Advice for Building Owners in Milwaukee

The data collected for the Mortenson Cost Index is showing an increase of 2.3% nationally and 2.2% in Milwaukee for the first quarter of 2022. The construction market, as with many, continues to experience significant inflationary challenges in early 2022. Optimism for moderating costs in the latter half of the year has lessened and will be dependent of a variety of external factors including global stability, supply chain continuity, labor markets and general economic conditions in the U.S.

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Minneapolis Construction Cost Index

(JANUARY 2009 = 100)

Advice for Building Owners in Minneapolis

The data collected for the Mortenson Cost Index is showing an increase of 2.3% nationally and 2.4% in Minneapolis for the first quarter of 2022. The construction market, as with many, continues to experience significant inflationary challenges in early 2022. Optimism for moderating costs in the latter half of the year has lessened and will be dependent of a variety of external factors including global stability, supply chain continuity, labor markets and general economic conditions in the U.S.

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Phoenix Construction Cost Index

(JANUARY 2009 = 100)

Advice for Building Owners in Phoenix

The data collected for the Mortenson Cost Index is showing an increase of 2.3% nationally and 2.9% in Phoenix for the first quarter of 2022. The construction market, as with many, continues to experience significant inflationary challenges in early 2022. Optimism for moderating costs in the latter half of the year has lessened and will be dependent of a variety of external factors including global stability, supply chain continuity, labor markets and general economic conditions in the U.S.

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Portland Construction Cost Index

(JANUARY 2009 = 100)

Advice for Building Owners in Portland

The data collected for the Mortenson Cost Index is showing an increase of 2.3% nationally and 1.5% in Portland for the first quarter of 2022. The construction market, as with many, continues to experience significant inflationary challenges in early 2022. Optimism for moderating costs in the latter half of the year has lessened and will be dependent of a variety of external factors including global stability, supply chain continuity, labor markets and general economic conditions in the U.S.

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Seattle Construction Cost Index

(JANUARY 2009 = 100)

Advice for Building Owners in Seattle

The data collected for the Mortenson Cost Index is showing an increase of 2.3% nationally and 1.6% in Seattle for the first quarter of 2022. The construction market, as with many, continues to experience significant inflationary challenges in early 2022. Optimism for moderating costs in the latter half of the year has lessened and will be dependent of a variety of external factors including global stability, supply chain continuity, labor markets and general economic conditions in the U.S.

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