Use of Price Indexes in Contracts The Denver construction cost index ended 2019 at an all-time high and is tracking higher than our national index. The historical continuity of the building construction price indexes has been maintained, wherever possible, by linking the new building construction price indexes in CANSIM table 327-0058 with comparable historical index series published in the archived CANSIM tables 327-0043 and 327-0044. The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. CPI Home. This page contains is a chart and table of historic, current and forecasted UK tender price and building cost indices compiled by Costmodelling Limited from information published by the Office of National Statistics, the RICS and several leading UK construction cost consultancies. Household living-costs price indexes: Background (published October 2016) US Census Bureau Construction Price Indexes website. An overview of the indexes we use to measure price change in the construction industry. Average price data for select utility, automotive fuel, and food items are also available. Construction Materials Each month, AGC puts out tables and an explanation showing historical and recent changes in producer price indexes and employment cost indexes for construction materials, building types and subcontractor segments. Age-restricted Developments intended for occupancy by persons of a specific age group, usually 55 and older, or 62 and older. Rounding Any discrepancies between totals and sums of components in this publication are due to rounding. Price index, measure of relative price changes, consisting of a series of numbers arranged so that a comparison between the values for any two periods or places will show the average change in prices between periods or the average difference in prices between places. To estimate the national average construction cost of a building in 1970, knowing that it cost $900,000 in 2020: INDEX in 1970 = 28.7 INDEX in 2020 = 239.1 Note: The city cost indexes for Canada can be used to convert U.S. national averages to local costs in Canadian dollars. Producer Price Index (PPI) Material Inputs (which excludes labor and margins) to new construction increased +4% in 2018 after a downward trend from +5% in 2011 led to decreased cost of -3% in 2015, the only negative cost for inputs in the past 20 years. The report provides some useful commentary. The HDB resale price index is compiled by the Housing and Development Board, and statistics on prices of private properties are compiled by the Urban Redevelopment Authority. The Report has forecasted a national increase of 2.87% for the last 6 months of 2019. 1 SOURCES AND METHODS CONSTRUCTION PRICE INDICES Statistics Directorate, Organisation for Economic Co-operation and Development, Paris Statistical Office of … Indexes are available for the U.S. and various geographic areas.