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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 Q3 2022

(JANUARY 2009 = 100)

Overall Construction Cost Index Q3 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 0.8% nationally and 1.2% in Chicago for the third quarter of 2022. While early indications point to a slowing U.S. economy, overall non-residential construction activity remains steady and the outlook is holding positive with certain categories charging ahead at a faster pace.

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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 0.8% nationally and 2.0% in Denver for the third quarter of 2022. While early indications point to a slowing U.S. economy, overall non-residential construction activity remains steady and the outlook is holding positive with certain categories charging ahead at a faster pace.

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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 of 0.8% nationally and no increase in Milwaukee for the third quarter of 2022. While early indications point to a slowing U.S. economy, overall non-residential construction activity remains steady and the outlook is holding positive with certain categories charging ahead at a faster pace.

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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 0.8% nationally and 0.3% in Minneapolis for the third quarter of 2022. While early indications point to a slowing U.S. economy, overall non-residential construction activity remains steady and the outlook is holding positive with certain categories charging ahead at a faster pace.

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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 0.8% nationally and 2.0% in Phoenix for the third quarter of 2022. While early indications point to a slowing U.S. economy, overall non-residential construction activity remains steady and the outlook is holding positive with certain categories charging ahead at a faster pace.

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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 0.8% nationally and 0.3% in Portland for the third quarter of 2022. While early indications point to a slowing U.S. economy, overall non-residential construction activity remains steady and the outlook is holding positive with certain categories charging ahead at a faster pace.

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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 0.8% nationally and 0.3% in Seattle for the third quarter of 2022. While early indications point to a slowing U.S. economy, overall non-residential construction activity remains steady and the outlook is holding positive with certain categories charging ahead at a faster pace.

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