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Our forensics experts work alongside AEC specialists which enhances our skills and bolsters the credibility of our expert consultants.

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Since 1995, VERTEX has completed over 90,000 projects.

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VERTEX is a multi-discipline firm with global coverage. Our international network of resources enables us to provide multi-national clients with the most qualified local professionals who understand the culture, language, and regulatory framework.

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Call us at 888.298.5162.


Construction Costs & Inflation Review with Bill McConnell

June 6, 2024

Construction Inflation Update: In the 27 months Between Feb-2020 and May-2022, the Producer Price Index (PPI) for Construction Materials increased by a whopping 50% (the index went from 235 to 353), which is, by far, the largest such increase since this index has been tracked (1947). Since the May-2022 peak, construction material prices have retracted by approximately 1%, and the index as of April-2024 is 332. In terms of labor, year-over-year wage growth increased from ~2.5% in 2020 to ~6% in 2022 and has since trended back to ~5% in 2024 (still very high historically speaking). It should be interesting to see if labor and material prices continue to pull back as construction demand and oil prices retract (April construction figures showed another month-over-month decline).

Bill M. VERTEX 2024 June updates
Bill M. VERTEX 2024 June updates
Bill M. VERTEX 2024 June updates


Discover the detailed analysis and insights on the Q1 2024 construction industry trends and their implications for future growth by visiting our Economic Analysis page.

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