Clayco has just released it’s quarterly Cost Index Report which shows how supply chain disruption continues to impact projects across the USA. Highlights: 

• Generally speaking, construction material availability continues to improve with the significant exception of electrical items. However, lead times for both materials and equipment are 3-5X historical averages
• Steel costs continue to increase while drywall and insulation prices are beginning to decline.
• The construction industry continues to be hampered by skilled labor shortages, resulting in project schedule extension and increased costs.
• RS Means City Cost Index shows the Midwest to be tracking at the national average of 1.0 while the Northeast and Western regions are considerably higher at 1.06-1.07.
• • SE/Gulf Coast are tracking well below average at 0.89

On the positive side, current commodity futures look flat which should result in price stability in the short to medium term.

To see the full Clayco Cost Index Report contact Ron Jones.