Defined Regions

CoreLogic curates this monthly bulletin of regional construction cost insights, which are reflected in the CoreLogic Claims Pricing database. We combine the current month’s pricing data with four common loss scenarios to create models illustrating market impacts that are applied across nine regions and compared month over month and year over year.
Our experts provide detailed analyses of changes and trends to provide additional insight into key drivers. View our Construction Database Pricing Methodology white paper to gain additional insight into how we populate cost values.
February Pricing Insights
2024 Updates From the CoreLogic Pricing Analysis and Delivery Team
The CoreLogic Pricing Analysis and Delivery Team continues to research labor costs and industry best practices for all construction categories within the Claims Construction Cost Database. To standardize labor trade assignments in the CoreLogic Pricing Database, CoreLogic will continue implementing incremental monthly changes throughout 2024 for each respective trade category.
The “Windows” category is the next category scheduled for updates to the labor trade assignment. This update will happen in the March database update.
Line-Item Refresh
The February 2024 Pricing Database release will refresh the “Insulation” and “Drywall” categories. The realignment process will continue on a rolling monthly basis for all categories in the Claims Construction Cost Database.
The “Framing & Rough Carpentry” and “Fencing” categories are next, with updates expected in March. The line-item realignment project will continue through 2024, at which point all categories will be complete.
Fire/Lightning (Large Loss) Insights: 12-Month Trend

In this category, large loss claims are modeled from a typical fire loss where all components of a home’s construction are affected. Losses typically exceed $100,000.
- The fire/lightning scenario is 4.3% higher than February 2023 pricing, but this scenario moved upward by less than 1% since January 2024.
- Framing prices decreased by 24%, but cabinet prices had a counterbalancing increase of 14.3% year over year, making framing and cabinetry categories the most significant movers in material pricing.
- Increased labor rates for carpenters, insulators, and general laborers also offset the drop in framing prices. Compared to February 2023, there has been an upward movement in labor rates for carpenters (6.1%), insulators (6.1%), and general laborers (7.1%).
Wind/Hail (Exterior/Roof) Insights: 12-Month Trend

This category represents losses due to wind and/or hail weather activity. Restoration from this damage requires roof replacement, partial siding replacement, and accompanying accessories.
- Upward movement in labor and material costs for roofing and siding, pushed the wind/hail scenario 12.9% higher than February 2023.
Material | Change from February 2023 Pricing |
Fencing | -15.9% |
Siding | 3.3% |
Roofing | 3.5% |
- Between February 2023 and February 2024, roofing labor rates are 7.5% higher and siding labor rates are 20.2% higher on average due to ongoing labor realignment within the database. The Central and West Coast regions experienced the highest roofing and siding labor increases.
- Pricing for the wind/hail loss scenario increased by 1.3% month over month.
Water (Interior Reconstruction) Insights: 12-Month Trend

Moderately complex losses are modeled for the interior water loss scenario using the bathroom as the origin of loss where a combination of replacement and repair of common household finishes is required.
- The water interior reconstruction pricing scenario increased an average of 6.1% when compared to February 2023. There has been less than a 0.5% month-over-month increase across all regions.
Material | Change from February 2023 Pricing |
Drywall | 10.3% |
Finished Carpentry / Trim Work | -4.8% |
- Unless otherwise discussed in the bulletin, most materials experienced less than +/- 1% change in pricing since January 2024.
- Labor rates for drywallers and painters increased 5.9% and 6% yearly, respectively. Both labor rate categories also increased — drywaller labor rose 1.3% and painters rates increased 1.4% — over January 2024 pricing.
Water Mitigation (Drying) Insights: 12-Month Trend

Typical drying costs for a residential structure include water extraction, removal of wet material, and drying equipment usage.
- Since February 2023, the water mitigation scenario experienced an average of 7% growth in pricing. This was fueled by water mitigation technician labor rates, which rose 6.3% over that time period.
- Compared to a year ago, water mitigation labor rates in the West Coast and Northwest regions increased by 7.8% and 7.2%, respectively. These regions now have the highest labor rates in the U.S.
- Since January 2024, this overall loss scenario increased by 1.1%, and water remediation technician labor rates have increased by 1.3% on average.
About CoreLogic Data Research
CoreLogic develops this report using up-to-date materials and labor costs. CoreLogic’s team of analysts continuously researches hard costs such as labor, material, and equipment, including mark-ups. CoreLogic updates its database every month accordingly.
Our research also covers soft costs, such as taxes and fringe benefits, for reconstruction work performed as part of the insurance industry. CoreLogic monitors demographics and econometric statistics, government indicators, and localization requirements, including market trends from thousands of unique economies throughout the U.S.
Other factors in this process include the following:
- Wage rates for more than 85 union and non-union trades
- Over 100,000 construction data points
- Productivity rates and crew sizes
- Building code requirements and localized cost variables
Additionally, we validate cost data by analyzing field inspection records, contractor estimates, phone surveys, and both partial and complete loss claim information.
Please complete the online form to provide feedback or request information on any items in our construction database. Please contact your sales executive or account manager for additional explanations or questions. A more detailed methodology explanation can be found in our Construction Database Pricing Methodology white paper.
About CoreLogic
CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
NOTE: The building material, labor, and other cost information in this bulletin is generated using research, sources, and methods current as of the date of this bulletin and is intended only to provide an estimated average of reconstruction cost trends in the specified general geographic regions of the United States. This cost information may vary further when adjusting claim values for specific property locations or specific business conditions.