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Monthly Construction Insights - Q1 2024
Overview for January to March 2024:
CoreLogic, a leading provider of insights on construction costs across the United States and Canada, has compiled its latest quarterly report. This analysis tracks comprehensive expenses labor and materials involved in commercial, residential, and agricultural construction projects.
Key findings from this quarter's research include:
From November to February 2024:
Lumber prices experienced a decrease of less than 2.
Carpets and clay brick costs surged over 3.
The U.S. residential reconstruction cost rose by an average of 2.8, while Canada saw a growth rate of about 1.4 during this period.
In terms of geographic distribution for building permit approvals in the United States, the Southern region led with significant figures from Texas and Florida. The majority of these permits were issued for single-unit housing projects.
Explore further insights into regional trs across North America through our comprehensive quarterly report.
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Category: Construction Insight, Insurance, Intelligence, Reports
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BLOGS:
Tropical Storm Helene is predicted to strengthen into a hurricane before impacting Florida.
Explore insights on non-qualified mortgage trs and their implications for portfolios.
CONSTRUCTION CLMS BULLETIN:
Construction Clms - September 2024https:www.corelogic.comconstruction-clms-september-2024
Monthly bulletin featuring regional cost insights derived from the CoreLogic Clms Pricing Database, showcasing latest developments in construction clms management.
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CoreLogic Quarterly Construction Insights Report Q1 2024 U.S. Residential Reconstruction Cost Increase 8 Lumber Prices Decrease Less Than 2 Carpets and Clay Brick Costs Surge Over 3 Southern Region Leads Building Permit Approvals USA Non QM Mortgage Market Trends 2024