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Construction Cost Index

LET'S ANTICIPATE WHAT'S TO COME, TOGETHER.
Crunching the latest quarterly numbers and giving you the trends that matter, so that you have the insight you need going into the next quarter.

Click on the interactive graphic below or continue scrolling for your specific market.

Overall Construction Cost Index Q4 2024

(JANUARY 2009 = 100)

Construction Cost Index by City

The Mortenson Construction Cost Index is calculated quarterly by pricing a representative non-residential construction project in geographies throughout the country. Click a city below to jump to the latest findings.

Advice for Building Owners in Chicago

Nationally, the Mortenson Cost Index increased by 1.2% in the 2nd quarter of 2024, a 1.9% increase over the previous twelve months. Costs in Chicago increased 0.8% in the most recent quarter and 1.4% over the last twelve months.

Advice for Building Owners in Chicago

Nationally, the Mortenson Cost Index increased 2.0% in 2024 compared to the previous year. In Chicago, costs rose by 1.75% during the same period. Overall, the index changed nominally in the last quarter of the year. ​

Advice for Building Owners in Denver

Nationally, the Mortenson Cost Index increased 2.0% in 2024 compared to the previous year. Costs in Denver fell half a percent during the same period. Overall, the index remained stable in the last quarter of the year.​

Advice for Building Owners in Milwaukee

Nationally, the Mortenson Cost Index increased 2.0% in 2024 compared to the previous year. In Milwaukee, costs rose by 3.0% during the same period. Overall, the index changed nominally in the last quarter of the year. ​

Advice for Building Owners in Minneapolis

Nationally, the Mortenson Cost Index increased 2.0% in 2024 compared to the previous year. In Minneapolis, costs rose by 2.9% during the same period. Overall, the index changed nominally in the last quarter of the year. ​

Advice for Building Owners in Phoenix

Nationally, the Mortenson Cost Index increased 2.0% in 2024 compared to the previous year. In Phoenix, costs rose by 1.6% during the same period. Overall, the index changed nominally in the last quarter of the year. ​

Advice for Building Owners in Portland

Nationally, the Mortenson Cost Index increased 2.0% in 2024 compared to the previous year. In Portland, costs rose by 1.4% during the same period. Overall, the index changed nominally in the last quarter of the year. ​

Advice for Building Owners in Salt Lake City

Nationally, the Mortenson Cost Index increased 2.0% in 2024 compared to the previous year. In Salt Lake City – where we recently began tracking cost trends – the index increased 1.5% in the most recent quarter. ​

Advice for Building Owners in Seattle

Nationally, the Mortenson Cost Index increased 2.0% in 2024 compared to the previous year. In Seattle, costs rose by 2.6% during the same period. Overall, the index changed nominally in the last quarter of the year.

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