NORTHWEST CENTRAL
SOUTHWEST CENTRAL
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PACIFIC
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NEW ENGLAND
SOUTHEAST CENTRAL /gid00025%
SOUTH ATLANTIC /gid00021%
MOUNTAIN /gid00026%
MIDDLE ATLANTIC
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NORTHEAST CENTRAL/gid00014/gid00022%
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/gid00133/gid00135
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/gid00134/gid00139
/gid00135/gid00136
/gid00017/gid00006/gid00019/gid00004/gid00006/gid00015/gid00021/gid00002/gid00008/gid00006 /gid00183/gid00135
/gid00132/gid00138
/gid00132/gid00131
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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
4.8 2.4
-7.2
-9.6
-12.0
12.0 9.6
7.2 /gid00017/gid00006/gid00019/gid00004/gid00006/gid00015/gid00021/gid00002/gid00008/gid00006-2.4 -4.8
0.0 +3.0
/gid00020/gid00015/gid00174/gid00133/gid00135/gid00011/gid00174/gid00133/gid00135/gid00014 /gid00011/gid00014 The price for aluminum sheet increased
3% in November, after rising 2.1% in
October, according to the Bureau of Labor
Statistics’ producer price index. The annual index
sits at 9.7% in November, up from 6.5% the previous
month. ENR’s 20-city average monthly price for
hot-rolled carbon-steel plate experienced a 0.6%
decrease in monthly prices in January, while
yearly prices increased 0.3%. Prices for all types of
stainless-steel sheet experienced yearly decreases in
January, according to ENR’s data. Monthly prices for
reinforcing bars showed no change.
PRODUCER PRICE INDEX
ALUMINUM SHEET
Monthly Percent Change
SOURCE: BUREAU OF LABOR STATISTICS
ENR’s Materials Prices For January 2025
1992=100
1992=100
1992=100
1992=100
STANDARD STRUCTURAL SHAPES
Average CWT 113.78 +1.7 +10.7
Channel beams,
6” Deep, 8.2 LB/LF
CWT 104.69 –0.8 +17.3
I-beams,
6” Deep, 12.5 LB/LF CWT 129.33 +5.8 +11.1
Wide-flange,
8” Deep, 31 LB/LF CWT 107.30 –0.5 +4.7
REINFORCING BARS
Grade 60, No. 4 CWT 68.91 0.0 –14.4
HOT-ROLLED CARBON-STEEL PLATE
12 gauge, 48” x 10’ CWT 96.01 –0.6 +0.3
ALUMINUM SHEET
3003H14, 36” x 96” CWT 324.67 –0.8 –10.6
STAINLESS-STEEL SHEET
14 gauge CWT 273.23 0.0 –7.7
16 gauge CWT 277.83 0.0 –6.1
20 gauge CWT 290.66 +2.4 –7.9
STAINLESS-STEEL PLATE
304, ¼” , 72” x 240” CWT 332.37 0.0 –4.9
316, ¼” , 96” x 140” CWT 453.32 +0.7 +1.6
STEEL PILING (H-PILE)
HP10 x 42 CWT 88.93 +7.8 +64.6
PLATTS* STEEL SPOT MARKET PRICES: DEC. 2024
Reinforcing bar, No. 5 TON 725.0 +0.4 –15.8
Plate TON 874.29 –2.3 –39.9
Hot-rolled coil TON 691.90 –0.7 –36.5
SOURCE: ENR
SOURCE: *PLA TTS S&P GLOBAL REBAR SOUTHERN U.S.; PLA TE PRICES U.S. SOUTHEAST AVERAGE; HOT- ROLLED COIL PRICES INDIANA .
STAINLESS-STEEL SHEET
ALUMINUM SHEET
WIDE FLANGE
REINFORCING BARS
MONTHLY STAINLESS-STEEL
SHEET PRICES INCREASED 2.4%
IN JANUARY.
PRICES FOR ALUMINUM SHEET
EXPERIENCED A 0.8% DECLINE IN
JANUARY.
PRICES DECREASED 0.5% IN
JANUARY, WITH YEARLY PRICES
UP 4.7%.
MONTHLY PRICES SHOWED NO
CHANGE, WHILE YEARLY PRICES
DECLINED 14.4%.
–
0.5 %
0.0 %
–
0.8 %
+
2.4 %
20-CITY AVERAGE
ITEM UNIT $PRICE %MONTH %YEAR
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/gid00132/gid00140/gid00135
/gid00132/gid00139/gid00133
/gid00132/gid00138/gid00131
/gid00133/gid00131/gid00133/gid00134/gid00183/gid00133/gid00131/gid00133/gid00135 /gid00016/gid00020 /gid00005/gid00002/gid00011 /gid00015/gid00011/gid00174/gid00133/gid00136/gid00002/gid00174/gid00133/gid00135/gid00014/gid00011 /gid00134/gid00133/gid00131
/gid00134/gid00131/gid00135
/gid00133/gid00139/gid00139
/gid00133/gid00138/gid00133
/gid00133/gid00136/gid00137
/gid00133/gid00135/gid00131
/gid00133/gid00131/gid00133/gid00134/gid00183/gid00133/gid00131/gid00133/gid00135 /gid00016/gid00020 /gid00005/gid00002/gid00011 /gid00015/gid00011/gid00174/gid00133/gid00136/gid00002/gid00174/gid00133/gid00135/gid00014/gid00011 /gid00135/gid00133/gid00136
/gid00135/gid00131/gid00136
/gid00134/gid00139/gid00136
/gid00134/gid00137/gid00136
/gid00134/gid00135/gid00136
/gid00134/gid00133/gid00136
/gid00133/gid00131/gid00133/gid00134/gid00183/gid00133/gid00131/gid00133/gid00135 /gid00016/gid00020 /gid00005/gid00002/gid00011 /gid00015/gid00011/gid00174/gid00133/gid00136/gid00002/gid00174/gid00133/gid00135/gid00014/gid00011 /gid00137/gid00131/gid00131
/gid00136/gid00138/gid00131
/gid00136/gid00135/gid00131
/gid00136/gid00132/gid00131
/gid00135/gid00139/gid00131
/gid00135/gid00136/gid00131
/gid00133/gid00131/gid00133/gid00134/gid00183/gid00133/gid00131/gid00133/gid00135 /gid00016/gid00020 /gid00005/gid00002/gid00011 /gid00015/gid00011/gid00174/gid00133/gid00136/gid00002/gid00174/gid00133/gid00135/gid00014/gid00011
CONSTRUCTION ECONOMICS
ITEM UNIT ATLANTA BALTIMORE BIRMINGHAM BOSTON CHICAGO CINCINNATI CLEVELAND DALLAS DENVER DETROIT
STANDARD STRUCTURAL SHAPES
AVERAGE CWT 137 86.52 71.9 157.94 +178.97 –70.13 –70.13 113.33 93.49 84.23 CHANNEL BEAMS, 6” DEEP,
8.2 LB/LF
CWT 121.95 77.15 67.5 141.48 129 –58.5 –58.5 80 78.39 76.9 I-BEAMS, 6” DEEP, 12.5 LB/LF CWT 156 97.25 77.5 169.13 +235 84.95 84.95 170 113.68 98.9 WIDE-FLANGE, 8” DEEP, 31 LB/LF CWT 133.06 85.15 70.5 163.2 172.9 –66.95 –66.95 90 88.4 76.9
REINFORCING BARS
GRADE 60, No. 4 CWT 90.12 67.35 75 99.18 72.14 60.22 58.5 65 78.7 71.4
HOT-ROLLED CARBON-STEEL PLATE
12 GAUGE, 48” x 10’ CWT 85.57 68.21 85 191.63 60.3 58.14 58.14 155.94 84 59.9
BUILDING SHEET AND PLATE
ALUM. SHEET, 3003H14, 36” x 96” CWT 321.36 318.27 466.66 395.84 –170.5 238 238 421.08 328 287
STAINLESS-STEEL SHEET
14 GAUGE CWT 221.34 282.19 283.96 352.64 190 172 172 241.07 375 272 16 GAUGE CWT 221.33 293.72 283.95 352.78 196 172 172 271.08 353.51 289 20 GAUGE CWT 242.64 303.41 290.62 383.99 218 179 179 307.20 +425.09 248
STAINLESS-STEEL PLATE
304, ¼” , 72” x 240” CWT 267.95 384.1 459.99 486.15 247.5 184 184 457.78 324 325 316, ¼” , 96” x 140” CWT 432.05 540.82 523.44 520.86 247.5 433 433 496.08 564.54 351 STEEL PILING: H-PILE
HP10 x 42 CWT 81.9 93 71.76 106 122 91.98 91.98 +152 88 69.9 Structural Steel, Rebar, Building Sheet, Piling For January 2025 City prices reflect quotes from single sources and can be volatile. They are not meant to be the prevailing price for a city.
Data are a mix of list and transaction prices and may include ENR estimates. Do not compare prices between locations.
Use city information to analyze national trends.
ITEM UNIT KANSAS CITY LOS ANGELES MINNEAPOLIS NEW ORLEANS NEW YORK PHILADELPHIA PITTSBURGH ST. LOUIS SAN FRANCISCO SEATTLE
STANDARD STRUCTURAL SHAPES
AVERAGE CWT 92.58 162 165.33 128.33 116.27 99.48 86.52 77.02 150 134.33 CHANNEL BEAMS, 6” DEEP,
8.2 LB/LF
CWT 139.62 162 135 105 93.37 86.41 77.15 145.97 130 130 I-BEAMS, 6” DEEP, 12.5 LB/LF CWT 75.13 162 200 130 130.07 111.72 97.25 43.1 190 160 WIDE-FLANGE, 8” DEEP, 31 LB/LF CWT 63 162 161 150 125.38 100.3 85.15 42 130 113
REINFORCING BARS
GRADE 60, No. 4 CWT 49.87 72.4 46.6 85 61.15 61.15 67.35 75.75 55 66.45
HOT-ROLLED CARBON-STEEL PLATE
12 GAUGE, 48” x 10’ CWT 45 180 117 81 126 167.88 68.21 40.9 –130 55.19
BUILDING SHEET AND PLATE
ALUM. SHEET, 3003H14, 36” x 96” CWT 333.23 372 244 331 428.63 464.2 318.27 227.38 310 280
STAINLESS-STEEL SHEET
14 GAUGE CWT 416.13 456 192 365 300.48 234.07 282.19 260.52 206 190 16 GAUGE CWT 415.38 456 193 350 292.95 270.54 293.72 285.57 204 190 20 GAUGE CWT 394.12 456 228 340 289.61 280.17 303.41 308.95 223 213
STAINLESS-STEEL PLATE
304, ¼” , 72” x 240” CWT 378.29 467.5 259 305 439.34 348.6 384.1 330.18 190 225 316, ¼” , 96” x 140” CWT 490 478.5 505 300 465.31 434.87 482.82 633.68 358 376 STEEL PILING: H-PILE
HP10 x 42 CWT 98.5 76.5 30.56 +135 77.2 82.7 93 91 34.6 91 + OR – DENOTES PRICE HAS RISEN OR FALLEN SINCE PREVIOUS REPORT. ALL PRICES ARE FOR WAREHOUSE OR CITY. STAINLESS-STEEL SHEET PRICES ARE FOR TYPE 304, 2B FINISH, 48 X 120-IN. STEEL PILES ARE HIGH-STRENGTH A572. SOME PRICES MAY INCLUDE TAXES OR DISCOUNTS. PRODUCT SPECIFICATIONS MAY VARY DEPENDING ON WHAT IS MOST COMMONLY USED OR MOST ACCESSIBLE IN A CITY. QUANTITIES ARE GENERALLY TRUCKLOADS.
CONSTRUCTION ECONOMICS