Construction costs calmed
The tapped out construction sector has been one of the major sources of inflation since the onset of the pandemic.
So, here's some extremely welcome news from CoreLogic and the Cordell construction cost index!
A key excerpt below explains how the quarterly increase in construction costs at just +0.7 per centis now well below the decade average.
Source: CoreLogic
Following an enormous surge in costs over the past 2½ years, it's quite likely that materials and trades prices can fall from here.
This is how inflation comes back down.
The report, which also looks at how a floor has been put under housing prices, can be accessed here.
