Question

As many of us recognize, U.S. construction costs have been rising. Which of the following October- through- September periods had a rise of 9.6 percent: 2002 to 2003, 2003 to 2004, or 2004 to 2005?

Answer

According to R.S. Means, the period of October 1, 2003 through September 30, 2004 saw a 9.6 percent rise in construction costs. The change in 2002-2003 was 2.5 percent, in 2004-2005, 5.7 percent. These percentages vary for different communities. Costs of products in certain specification sections, such as metal fabrication and thermal and moisture protection, have risen much more.