NORTHWEST CENTRAL
SOUTHWEST CENTRAL
/gid00014/gid00022%
PACIFIC
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NEW ENGLAND
SOUTHEAST CENTRAL /gid00025%
SOUTH ATLANTIC /gid00021%
MOUNTAIN /gid00026%
MIDDLE ATLANTIC
/gid00014/gid00018/gid00017%
NORTHEAST CENTRAL/gid00014/gid00022%
/gid00014/gid00026%
/gid00183/gid00134
/gid00133/gid00135
/gid00134/gid00132
/gid00134/gid00139
/gid00135/gid00136
/gid00017/gid00006/gid00019/gid00004/gid00006/gid00015/gid00021/gid00002/gid00008/gid00006 /gid00183/gid00135
/gid00132/gid00138
/gid00132/gid00131
/gid00183/gid00132/gid00132
/gid00183/gid00133/gid00139
/gid00183/gid00133/gid00136
NON-BUILDING NON-RESIDENTIAL RESIDENTIAL TOTAL /gid00015/gid00016/gid00023/gid00163/gid00001/gid00174/gid00133/gid00134 /gid00015/gid00016/gid00023/gid00163/gid00001/gid00174/gid00133/gid00135/gid00020/gid00006/gid00017/gid00021/gid00163/gid00011/gid00002/gid00015/gid00163/gid00014/gid00002/gid00019/gid00163/gid00014/gid00002/gid00026/gid00011/gid00022/gid00013/gid00026 SOURCE: DODGE CONSTRUCTION NETWORK STARTS. TOTALS MAY NOT ADD UP DUE TO EXCLUSION OF OTHER CATEGORIES. 12-MONTH ROLLING TOTALS FOR RHODE ISLAND.
SOURCE: DODGE CONSTRUCTION NETWORK. YEAR-TO-YEAR PERCENT CHANGE IN VALUE OF TOTAL PROJECTS STARTED MAY 2023 FOR 12-MONTH ROLLING TOTALS.
SOURCE: DODGE CONSTRUCTION NETWORK.
YEAR-TO-YEAR PERCENT CHANGE FOR 12-MONTH ROLLING NATIONAL TOTAL STARTS.
NON-BUILDING STARTS DECLINESOUTHEAST CENTRAL STARTS UP 8% Construction Starts Regional growth trends vs. national trends The total dollar
value of new
construction starts
in Rhode Island in
September was 116.3%
above September 2023's
level, according to Dodge
Construction Network.
The residential sector rose
2.5%, while non-residential
rose 35.1%. Non-building
new starts increased
348.5% in the same period.
RHODE ISLAND CONSTRUCTION STARTS: $/MIL.
2024
SEP.
2024
AUG.
2023
SEP.
% CHG.
MONTH
% CHG.
YEAR
TOTAL CONSTRUCTION 4,941,524 4,110,342 2,284,074 +20.2 +116.3 NON-RESIDENTIAL 1,243,971 1,341,644 920,706 –7.3 +35.1 STORES, SHOPPING CENTERS 13,151 12,901 45,629 +1.9 –71.2 OFFICE, BANK BUILDINGS 12,978 38,936 72,045 –66.7 –82.0 HOTELS, MOTELS 1,500 1,500 1,644 0.0 –8.8
OTHER COMMERCIAL 83,495 57,763 111,166 +44.5 –24.9
MANUFACTURING BUILDINGS 28,591 28,591 2,390 0.0 +1096.3 EDUCATIONAL BUILDINGS 899,837 967,690 403,542 –7.0 +123.0 HEALTH CARE FACILITIES 70,335 116,335 151,013 –39.5 –53.4 OTHER INSTITUTIONAL 134,084 117,928 133,277 +13.7 +0.6 RESIDENTIAL 697,556 655,306 680,451 +6.4 +2.5
NON-BUILDING 2,999,997 2,113,392 668,836 +42.0 +348.5 HIGHWAYS, BRIDGES 1,009,286 174,187 304,033 +479.4 +232.0 ENVIRONMENTAL PUBLIC WORKS 278,629 293,841 144,258 –5.2 +93.1 POWER, UTILITIES 1,585,917 1,588,039 101,932 –0.1 +1455.9 ENR’s 20-city average cost indexes, wages and materials prices.
Historical data for ENR’s 20 cities can be found at ENR.com/economics ENR’s 20-city average cost indexes, wages and materials prices.
Historical data for ENR’s 20 cities can be found at ENR.com/economics Construction
Cost Index
ANNUAL
INFLATION RATE
1913=100 INDEX VALUE MONTH YEAR
CONSTRUCTION COST 13731.60 +0.7% +1.6%
COMMON LABOR 25858.16 +1.2% +1.7%
WAGE $/HR. 49.13 +1.3% +1.7%
The Construction Cost Index’s annual escalation rose
1.6%, while the monthly component increased 0.7%.
Building
Cost Index
ANNUAL
INFLATION RATE
1913=100 INDEX VALUE MONTH YEAR
BUILDING COST 8407.47 0.0% +1.6%
SKILLED LABOR 11869.97 +0.5% +1.9%
WAGE $/HR. 65.88 +0.5% +1.9%
The Building Cost Index was up 1.6% on an annual
basis, while the monthly component showed no
change.
Materials
Cost Index
MONTHL Y
INFLATION RATE
1913=100 INDEX VALUE MONTH YEAR
MATERIALS COST 6299.20 –0.6% +2.4%
CEMENT $/TON 274.39 –1.7% +23.0%
STEEL $/CWT 111.87 +1.5% +11.3%
LUMBER $/MBF 850.53 –2.8% –17.5%
The Materials Cost Index fell 0.6%, while the annual
escalation rate increased 2.4%.
+1.6%
JAN. 2025
+1.6%
JAN. 2025
–0.6%
JAN. 2025
CONSTRUCTION ECONOMICS