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Inflation Reverses Course As Recession Floors Prices

Publication Date: 18-MAR-09
Author: Tim Grogan, Tom Nicholson and Steven Setzer
Format: HTML

    
Description:
Over the last six months, the deepening recession its accompanying credit crisis have dramatically changed the construction industry’s cost picture. Construction inflation has gone from the double-digit realm just last summer to between 2% and 6% this quarter. Ten of the 14 major industry cost indexes collected by ENR for this report posted declines during the first quarter, ranging from 0.5% to 8.4%.
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