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An update on US and Houston construction costs and delays
By: Colliers | Houston
"Some materials prices have fallen recently but others appear headed for further increases," said Ken Simonson, the American General Contractor Association's Chief Economist. "Producers of gypsum, concrete and other products have announced or implemented new increases. In addition, the supply chain remains fragile and persistent difficulties filling job openings mean construction costs are likely to remain elevated despite declines in some prices."
"If clients are willing to select alternative materials and methods to aid with lead time concerns, we have been successful in keeping projects on schedule and on budget."
Colliers Houston Design + Construction Advisory Services
In this article, we will re-examine the average historical and current costs. As the following chart shows, the spread between bid prices and costs... Read the full report here: https://www.colliers.com/