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2023 Construction Estimating Trends: RSMeans Data Online Year in Review

2023 Construction Estimating Trends: RSMeans Data Online Year in Review
February 6, 2024
2023 Construction Estimating Trends: RSMeans Data Online Year in Review

2023 Construction Estimating Trends: RSMeans Data Online Year in Review

Turning the calendar to a new year is an opportunity for reflection, a chance for individuals and organizations to consider the highs and lows of the year prior. Looking at where one has been can inform better decision making and goal setting, leading to improved outcomes and future growth.  As we move forward into 2024, we see tremendous importance in looking back on what RSMeans Data Online users were able to accomplish in 2023. From the total dollar amount of construction work estimated to the number of hours our customers used RSMeans Data, professionals across industries were busier than ever before.

Join us as we explore some of the most exciting highlights of what RSMeans Data Online users were able to achieve in 2023:

Construction Estimating by the Numbers: RSMeans Data Online Year in Review

159,183 Estimates Were Created Using RSMeans Data Online

Throughout the year, RSMeans Data Online users generated an impressive 159,183 estimates. Here is a percentage breakdown of the types of construction estimates users created:

  • Unit Cost Estimates – 72%
  • Square Foot Estimates – 15%
  • Mixed Cost Estimates – 7%
  • Assembly Estimates – 6%

More Than $352 Billion* of Construction Work Was Estimated in RSMeans Data Online

Users estimated more than $352 billion* worth of construction work in 2023. This figure marks an increase of more than 10% since 2022 and demonstrates the trust that architects, engineers, contractors and construction industry executives place in the accuracy and credibility of RSMeans Data Online.

(*Represents the volume of work estimated, not the volume of work awarded or completed.)

RSMeans Data Online Users Conducted Over 1.5 Million Searches Within the Application

Users conducted more than 1.5 million searches within the application in 2023. This can be broken down to an average of 4,000 searches per day (an increase of over 10% from 2022).

Here are the top five most searched terms in RSMeans Data for 2023:

  • HVAC – 54,806  
  • Excavation – 6,902
  • Concrete - 6,840
  • Demolition - 5,831
  • Paint - 5,586

Here are the top five cities for estimate location in 2023:

  • San Antonio – 3,311
  • Houston – 2,672
  • San Juan (PR) – 2,671
  • Atlanta – 2,343
  • Austin – 2,218

Additionally, here are the most popular square foot models used to create estimates in 2023:

  • Apartment, 1-3 Story – 3,675  
  • Warehouse – 1,945  
  • Office, 2-4 Story – 1,222
  • Office, 1 Story – 1,091
  • Apartment, 4-7 Story – 1,003

RSMeans Data Online was used by the following professionals and industries:

  • Healthcare
  • Federal, state and local governments
  • Architecture
  • Engineering
  • General contractors
  • Specialty contractors
  • Manufacturing
  • Non-profits
  • Insurance
  • Retail
  • Education

Additional Construction Estimating Stats From 2023

  • Collectively, users spent over 10,500 hours per week in RSMeans Data Online.
  • Over 3,000 users would recommend RSMeans Data Online. See what our customers are saying.
  • Gordian’s customer experience team conducted over 1,200 user demos and personalized training events to ensure users received the most value out of their subscriptions.
  • 1,000+ people attended RSMeans Data industry training courses.
    • Most popular courses for 2023:
      • Using RSMeans Data Online
      • Facilities Construction Estimating
      • Mechanical & Electrical Estimating

Looking Ahead: What 2023 Construction Estimating Trends Could Mean for 2024

As we reflect on a productive and successful year, the data makes it clear that organizations across industries were significantly influenced by the powerful capabilities of RSMeans Data Online in 2023. Our commitment to enhancing and expanding our construction cost database has been unwavering, and the results are evident in the numbers. Looking ahead to 2024, stay tuned for more groundbreaking updates from RSMeans Data Online. Let's continue to build success together.

Ready to start planning for your 2024 projects with the most accurate prices and insights? Start your free trial of RSMeans Data today.

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