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Article: Costs of construction rise during 4th quarter
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- February 18, 1995
- Author:
CopyrightCopyright 1995 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Increases in building-material prices and construction-trade
insurance rates accelerated the rate of increase of construction
costs in the fourth quarter of 1994, according to a company that
tracks construction-cost trends.
E.H. Boeckh, based in Milwaukee, said that stronger-than-expected
housing starts helped support increases in construction costs.
The firm said that during the fourth quarter the national average
cost of construction for all building types rose 1 percent. The
average cost of industrial construction rose 0.9 percent; commercial
and residential construction costs each rose 1.2 percent. Fueling
the upward trend, Boeckh said, were increases in the prices of
cement, gypsum, ...