March 2024 Construction Cost Index

Construction Cost Index, March 2024

Construction cost index increased by 69.98% annually, increased by 2.11% monthly

The construction cost index increased by 2.11% in March 2024 compared to the previous month and increased by 69.98% compared to the same month of the previous year. Compared to the previous month, the material index increased by 2.54% and the labor index increased by 1.30%. In addition, the material index increased by 55.17% and the labor index increased by 108.04% compared to the same month of the previous year.

Construction cost index annual rate of change (%), March 2024

Building construction cost index increased by 68.44% annually, increased by 2.14% monthly

Building construction cost index increased by 2.14% compared to the previous month and increased by 68.44% compared to the same month of the previous year. Compared to the previous month, the material index increased by 2.64% and the labor index increased by 1.24%. In addition, the material index increased by 52.77% and the labor index increased by 107.45% compared to the same month of the previous year.

Building construction cost index annual change rate (%), March 2024

Construction cost index for non-building structures increased by 75.15% annually, increased by 2.03% monthly

The construction cost index for non-building structures increased by 2.03% compared to the previous month and increased by 75.15% compared to the same month of the previous year. Compared to the previous month, the material index increased by 2.25% and the labor index increased by 1.54%. In addition, the material index increased by 62.93% and the labor index increased by 110.27% compared to the same month of the previous year.