Construction cost outlook: building costs continue to slide

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According to RS Means/McGraw-Hill Construction

"The construction materials price index since the September 2008 has now dropped 10.0%. The 2008 spike in prices has now been more than reversed.  The price index is expected to decline slowly for a few more months but be rising modestly again by the end of the year and rising more quickly next year, perhaps up 4-5% from the 2009 average. The last month's price drop was led by asphalt roofing (-11.3%), steel pipe & tube (-7.9%), structural steel (7.3%) and plywood (-3.3%)."


The June data should be in within a couple of weeks-.

 

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This page contains a single entry by mf published on July 5, 2009 4:26 PM.

An Earlier Deutsche Bank Report- Securitized Commercial Loans was the previous entry in this blog.

State of the Manhattan Condo Market: 2nd Quarter 09 Sales Volume down 50% is the next entry in this blog.

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