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It'll be useful if the title could clarify that this is about metro/subway construction costs in large cities, rather than all construction costs in America.
by chanakya 8y ago
It'll be useful if the title could clarify that this is about metro/subway construction costs in large cities, rather than all construction costs in America.
- paulddraper 8y agoIndeed, residential/commercial construction costs are actually relatively low historically speaking. (The land that you build it on is another matter.)
- the_economist 8y agohttps://www.buildzoom.com/blog/whats-up-with-construction-costs https://www.buildzoom.com/blog/whats-up-with-construction-co... Real construction costs are 50% higher than they were in the 1950s, according to our analysis.
- lainga 8y agoOff topic, what led you to snag "the_economist" for BuildZoom?
- the_economist 8y agoThis is not a company account.
- clairity 8y agoyes, that's probably about right (based on my remembrance leading product for cost estimators widely used in appraisal & assessment). construction costs tended to beat inflation by a bit, enough to compound to 50%-ish over 60-70 years.
- paulddraper 8y agoThat is attributed entirely to increased labor costs and almost all of that in increasingly large urban centers (which also have a lot of construction). So basically.... Apples to apples it hasn't gone up. It's simply that people are buying more construction in urban areas.