Budget Battle Takes Toll on Public Works
Source: McGraw-Hill Construction research & Analytics/enr.
| The June CCI was revised downward from the initial report. The index now shows a 2.8% annual increase. | |||
| June 2011 | % chg. | % chg. | |
|---|---|---|---|
| 20-CITY: 1913=100 | Index VALUE | MONTH | YEAR |
| CONSTRUCTION COST | 9052.64 | +0.2 | +2.8 |
| COMMON LABOR | 19208.95 | +0.2 | +2.5 |
| WAGE $/HR. | 36.50 | +0.2 | +2.5 |
| The annual escalation rate of the BCI slipped from 3.6% last month to 3.5% this month. | ||||||
| % chg. | % chg. | ||||
|---|---|---|---|---|---|---|
| 20-CITY: 1913=100 | Index VALUE | MONTH | YEAR | |||
| BUILDING COST | 5058.97 | +0.5 | +3.5 | |||
| SKILLED LABOR | 8710.54 | +0.7 | +3.1 | |||
| WAGE $/HR. | 48.34 | +0.7 | +3.1 |
| A 0.9% dip in lumber prices dulled increases in cement and steel prices, pushing the MCI up 0.1%. | |||
| june 2011 | % chg. | % chg. | |
|---|---|---|---|
| 20-CITY: 1913=100 | Index VALUE | MONTH | YEAR |
| MATERIALS | 2827.81 | +0.1 | +4.2 |
| CEMENT $/TON | 103.42 | +0.2 | +0.7 |
| STEEL $/CWT | 47.73 | +0.5 | +6.2 |
| LUMBER $/π | 407.48 | –0.9 | +0.2 |
| Market: year-to-date | 2011 | 2010 | % chg. | % chg. |
|---|---|---|---|---|
| $ bil. | April | April | Month | Year |
| TOTAL PUBLIC CONSTRUCTION | 79.20 | 82.64 | +7.1 | –4.2 |
| Residential | 2.69 | 2.71 | +7.7 | –0.7 |
| Office | 3.68 | 4.22 | +6.5 | –12.8 |
| Commercial | 1.00 | 0.86 | 0.0 | +16.3 |
| Health care | 3.35 | 2.91 | +5.9 | +15.2 |
| Educational | 19.71 | 21.65 | +3.8 | –9.0 |
| Public safety | 3.19 | 3.82 | 0.0 | –16.5 |
| Amusement and recreation | 2.94 | 3.01 | 0.0 | –2.3 |
| Transportation | 8.56 | 9.31 | +5.8 | –8.0 |
| Power | 3.31 | 2.98 | +11.3 | +11.0 |
| Highway and street | 17.49 | 17.66 | +19.1 | –0.9 |
| Sewage and waste disposal | 6.53 | 7.11 | +2.4 | –8.1 |
| Water supply | 4.24 | 4.21 | +3.8 | +0.8 |
| Conservation and development | 2.13 | 1.88 | –7.1 | +13.0 |
| SOURCE: Dept. OF COMMERCE, CONSTRUCTION PUT-IN-PLACE. |
| % chg. | % chg. | |||
|---|---|---|---|---|
| ITEM | UNIT | PRICE | MO. | YEAR |
| STANDARD STRUCTURAL SHAPES: AVERAGE | cwt | 48.19 | +1.0 | +6.6 |
| Channel beams, 6” DEEP, 8.2 LB/LF | cwt | 48.11 | +0.9 | +6.7 |
| I-beams, 6” DEEP, 12.5 LB/LF | cwt | 50.25 | +1.0 | +7.7 |
| Wide-flange, 8” DEEP, 31 LB/LF | cwt | 46.19 | +1.0 | +5.3 |
| REINFORCING BARS: Grade 60, #4 | cwt | 43.63 | +1.8 | +3.5 |
| Epoxy-coated | cwt | 61.29 | +0.9 | +3.3 |
| HOT-ROLLED CARBON-STEEL PLATE: 12 gauge, 48” x 10’ | cwt | 48.75 | +1.8 | +5.8 |
| EXPANDED METAL LATH: Std diamond mesh, 3.4 LB/SY, GALVANIZED | cwt | 221.88 | –0.2 | +3.7 |
| Flat-ribbed, 3.4 LB/SY | cwt | 215.96 | 0.0 | –1.5 |
| BUILDING SHEET and PLATE: Aluminum sheet, 3003H14, 36” x 96” | cwt | 197.06 | –0.5 | +2.8 |
| STAINLESS-STEEL SHEET: 14 gauge | cwt | 171.18 | +0.1 | +1.5 |
| 16 gauge | cwt | 176.25 | +0.1 | +1.5 |
| 20 gauge | cwt | 180.13 | –0.4 | +1.7 |
| STAINLESS-STEEL PLATE: 304, 1/4”, 72” x 240” | cwt | 199.76 | –0.1 | +3.5 |
| 316, 1/4”, 96” x 140” | cwt | 253.95 | –0.1 | +4.5 |
| STEEL PILING: H-PILE HP10 x 42 | cwt | 31.06 | 0.0 | +6.6 |
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