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Construction cost trends that will shape 2021 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 Q3 2021
(JANUARY 2009 = 100)
Overall Construction Cost Index Q1 2021
(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 2.9% nationally and 3.5% in Chicago for the third quarter of 2021. The construction market, like many, is experiencing unprecedented inflationary headwinds in 2021, which are presenting unique challenges. Market volatility continues as trade partners work through supply chain and labor availability challenges.
The rate of increase is trending lower but still substantially above historical levels and remains variable. This variability is driven by multiple factors including project type, time to market, geography, etc. Many of our projects have increased less than the reporting from our trade partners for this index, some as low as 3-5%. While less than experienced earlier this year, this persistent fluctuation continues to present unique challenges for projects in the near term and agility in our planning is required.
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 2.9% nationally and 4.5% in Denver for the third quarter of 2021. The construction market, like many, is experiencing unprecedented inflationary headwinds in 2021, which are presenting unique challenges. Market volatility continues as trade partners work through supply chain and labor availability challenges.
The rate of increase is trending lower but still substantially above historical levels and remains variable. This variability is driven by multiple factors including project type, time to market, geography, etc. Many of our projects have increased less than the reporting from our trade partners for this index, some as low as 3-5%. While less than experienced earlier this year, this persistent fluctuation continues to present unique challenges for projects in the near term and agility in our planning is required.
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 2.9% nationally and 1% in Milwaukee for the third quarter of 2021. The construction market, like many, is experiencing unprecedented inflationary headwinds in 2021, which are presenting unique challenges. Market volatility continues as trade partners work through supply chain and labor availability challenges.
The rate of increase is trending lower but still substantially above historical levels and remains variable. This variability is driven by multiple factors including project type, time to market, geography, etc. Many of our projects have increased less than the reporting from our trade partners for this index, some as low as 3-5%. While less than experienced earlier this year, this persistent fluctuation continues to present unique challenges for projects in the near term and agility in our planning is required.
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 2.9% nationally and 2.2% in Minneapolis for the third quarter of 2021. The construction market, like many, is experiencing unprecedented inflationary headwinds in 2021, which are presenting unique challenges. Market volatility continues as trade partners work through supply chain and labor availability challenges.
The rate of increase is trending lower but still substantially above historical levels and remains variable. This variability is driven by multiple factors including project type, time to market, geography, etc. Many of our projects have increased less than the reporting from our trade partners for this index, some as low as 3-5%. While less than experienced earlier this year, this persistent fluctuation continues to present unique challenges for projects in the near term and agility in our planning is required.
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 2.9% nationally and 2.3% in Phoenix for the third quarter of 2021. The construction market, like many, is experiencing unprecedented inflationary headwinds in 2021, which are presenting unique challenges. Market volatility continues as trade partners work through supply chain and labor availability challenges.
The rate of increase is trending lower but still substantially above historical levels and remains variable. This variability is driven by multiple factors including project type, time to market, geography, etc. Many of our projects have increased less than the reporting from our trade partners for this index, some as low as 3-5%. While less than experienced earlier this year, this persistent fluctuation continues to present unique challenges for projects in the near term and agility in our planning is required.
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 2.9% nationally and 3.4% in Portland for the third quarter of 2021. The construction market, like many, is experiencing unprecedented inflationary headwinds in 2021, which are presenting unique challenges. Market volatility continues as trade partners work through supply chain and labor availability challenges.
The rate of increase is trending lower but still substantially above historical levels and remains variable. This variability is driven by multiple factors including project type, time to market, geography, etc. Many of our projects have increased less than the reporting from our trade partners for this index, some as low as 3-5%. While less than experienced earlier this year, this persistent fluctuation continues to present unique challenges for projects in the near term and agility in our planning is required.
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 2.9% nationally and 3.1% in Seattle for the third quarter of 2021. The construction market, like many, is experiencing unprecedented inflationary headwinds in 2021, which are presenting unique challenges. Market volatility continues as trade partners work through supply chain and labor availability challenges.
The rate of increase is trending lower but still substantially above historical levels and remains variable. This variability is driven by multiple factors including project type, time to market, geography, etc. Many of our projects have increased less than the reporting from our trade partners for this index, some as low as 3-5%. While less than experienced earlier this year, this persistent fluctuation continues to present unique challenges for projects in the near term and agility in our planning is required.