A look at 2015’s falling construction costs

construction costs

construction costsMulti Housing News

Higher construction costs have been making things tough for developers in recent years, especially in expanding property sectors such as multifamily. There are some recent indications, however, that the increases are slowing down or even reversing.

Consultancy IHS and the Procurement Executives Group (PEG) reported on Monday that construction costs fell again in December. The headline current IHS PEG Engineering and Construction Cost Index came in at 41.8 this month, down from 43.7 in November, and at the lowest reading for 2015.

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