North Texas Facing Soaring Construction Costs

February 6, 2008

pg33_courtyard_construction_2.jpgThe Dallas Morning News is reporting on the rising construction costs facing cities in North Texas — a topic we know about all too well in Cedar Hill.

These rising costs impact all of our capital projects, from public works to roads.

Cities are seeing costs increase by 10 percent a year or more.

Highway construction costs grew about three times faster between 2003 and 2006 than in any other three-year period since 1990.

For non-highway construction, construction supplies and materials have gone up 29 percent since the end of 2003, according to the U.S. Department of Labor. By comparison, the producer price index, which tracks inflation for business costs, rose 18 percent. The consumer price index, which tracks household inflation, rose 14 percent.

Source: Dallas Morning News

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