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Construction Costs Surge By 11% In 2024, Driven By Rising Labor Expenses Across Real Estate Sectors
Interestingly, the cumulative price increase for four key construction materials cement, steel, copper, and aluminum has been relatively modest. In fact, average cement prices have dropped by 15%, and average steel prices have seen a slight 1% decrease over the past 12 months.
Interestingly, the cumulative price increase for four key construction materials cement, steel, copper, and aluminum has been relatively modest. In fact, average cement prices have dropped by 15%, and average steel prices have seen a slight 1% decrease over the past 12 months.
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