Motor City Costs Cruise at National Speed Limit

摘要

Construction costs in Detroit begin the year 3.0% above 2012's level. That is just 0.1 % higher than the national average, according to ENR's 20-city average Construction Cost Index. The city's building cost index starts 2013 with a 2.4% annual escalation rate, compared to 2.1% for the national BCI, according to ENR. The Detroit cost indexes received a relative boost from material costs, which posted a 3.0% increase in the city's index, compared to just a 1.7% hike nationwide. Labor costs in Detroit were up between 2.2% and 3.0%.