Quarterly Construction Insights – Q1 2022

Summary of Q4 2021: Material Shortages Continue, Copper Wire Costs Up 147% YoY

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:

  • YoY increase in costs of copper wire has overtaken YoY increase in cost of lumber and plywood in US and Canada
  • Permit authorizations significantly increased YoY in the Northeast US
  • 95% of U.S. surveyed commercial contractors reported experiencing at least one material shortage in Q4-21
  • Labor costs continue to grow faster in the U.S. than in Canada, with many key construction labor costs growing by over 4% YoY.

Download the full report to learn more.

Get The Latest Updates

Subscribe To Our Newsletter

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 I understand that consent can be withdrawn at any time by clicking the unsubscribe link contained in email messages.

Want to learn more about CoreLogic Economic Trends?

We’ve got more answers to the questions you have.

Related Posts

Southern California Home Resale Activity

Southern California Home Resale Activity

The Southern California Home Resale Activity report is updated monthly to show the most recent sales volume and median prices for existing single family and condo sales for each SoCal zip code and county.