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Construction Cost Data Trends

For over a year now, growth in the construction industry has been on the upswing. Between March 2015 and March 2016, the construction sector experienced growth in 44 states as well as Washington D.C. Just this year, from January through May construction firms added 64,000 jobs. These are times of opportunity, and comprehensive cost estimating data can play a major role in helping you can be a part of this significant growth.

Conversely, inaccurate data affects the planning process which can lead to bloated or cost overrun prone budgets, hindering access to the industry’s current opportunities. In helping to avoid these roadblocks, RSMeans data keeps you up-to-date and on the right track as we continually stay in step with the fluctuating market.
Here are some numbers to take into account when considering the importance of current data: Since last year, some unit price items increased as much as 181% while other dropped 66%. Those numbers add up in a notable way when compounded over the course of a project. 

For more details on price changes, view this infographic. Be a part of the growth and cut through the uncertainty and pitfalls of outdated pricing with RSMeans data.