Construction Economics for November 3, 2025
AI Article Summary
The article provides information on the Engineering News-Record (ENR) 20-city average cost indexes, which cover various economic aspects such as wages and material prices. It offers historical data for different cities, which can be accessed online. These indexes help in understanding the cost dynamics across diverse urban environments.
What This Means for Canadian Contractors
For Canadian builders, this means staying informed on the trends in material costs and wage indexes in various cities is crucial for future project planning and budgeting. This project shows how economic factors in urban regions can influence construction costs and timelines significantly. By understanding these indexes, contractors can better manage supply chain disruptions and assess the viability of prefabrication as a cost-saving measure.
