Non-residential building construction cost index in the U.S. 2005-2023

Published by
Fernando de Querol Cumbrera,
Jul 3, 2024

In 2023, the construction cost of non-residential buildings in the United States has increased by six percent. The cost index for that type of construction projects amounted to 1,199 in 2021, but it reached 1,373 in 2023. Construction costs have increased almost every year, except for 2009 and 2010.

Construction cost index for non-residential buildings in the U.S. from 2005 to 2023

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Release date

January 2024

Region

United States

Survey time period

2005 to 2023

Supplementary notes

The cost index is determined by labor rates and productivity, material prices, and the competitive condition of the market on a nationwide basis.

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Market size

4

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7

Non-residential buildings

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Infrastructure

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Outlook

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