Quarterly Construction Insights

Q3 2020, September Permit Authorizations Rising, Lumber Costs Increase, and Job Numbers Decline

CoreLogic tracks construction cost for commercial, residential and agricultural construction of all types of goods (labor and materials) throughout the United States and Canada. Detail of this quarter’s research include:

Material costs in the U.S. and Canada are higher than in September 2019. U.S. lumber costs this September were 4.1% higher than last year.
Labor costs continue to grow faster in the U.S. than in Canada, with many key construction occupations experiencing earnings growth over 3%.
Construction employment in September declined YOY by 3.7%. Overall U.S. unemployment has declined to 8.8% and the USG and Chamber of Commerce Construction Index has continued to remain low at 57, indicating a high level of uncertainty in the construction market.

Download the full report to learn more.

Access Full Report

Complete the form to download report and receive future CoreLogic research and insights.

First Name*

Last Name*

E-Mail*

Please Enter a valid e-mail

Work Phone*

Please Enter a valid Phone Number

Company*

State / Province*

Industry*

Job Role*

Level*

honeyPot

By submitting this form I agree that CoreLogic may contact me at the email address I provided for information about products, services or insights. I understand that consent can be withdrawn at any time by clicking the unsubscribe link contained in email messages.