In June 2008, Houston Business Journal stated “Construction industry costs up 6.6% in second quarter”. In March 2009, “Index: Construction costs continue to drop”; May 2011, HBJ states that the “Houston commercial construction costs hold steady” based on report by Kirksey. Construction costs are still at the bottom – planning should start now!
Construction estimates are no longer guaranteed for long periods. Construction costs are expected to rise later in the year as building projects increase. More important – start your planning and construction documents now to be ahead of the construction cost increase to come.
Posted by: Victor L. Joe, AIA
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