PC Construction Industry Analysis

The construction industry has been on a roller coaster since 2020 due to the pandemic and fluctuating economic conditions. We have navigated dynamic material pricing increases, labor shortages and supply chain issues. PC Construction is open and transparent about these market conditions so we can understand and plan in partnership with our owner, design and construction teams. PC Construction’s Industry Analysis was developed to share these details and ensure our project partners have easy access to information that can impact project decisions.

About the PC Construction Industry Analysis

As you navigate PC’s Industry Analysis, tables and graphs tracking construction commodity pricing are shown along the bottom and pricing changes for new construction are displayed down the right side. The escalation table in the lower right corner helps owners, architects and engineers understand what a project priced or built years ago would cost today. The block in the upper left corner will feature a topic that is especially impactful at the time of distribution.


Contact Kurt Naser, Director of Preconstruction, at knaser@pcconstruction.com.

January 2023 Issue

This issue of the Industry Analysis report looks at a Guaranteed Maximum Price (GMP) contract strategy and how it is evolving to better manage construction project risk. More and more owners are turning to multiple GMPs and looking at strategic scope alternates through the GMP process to quickly lock in project pricing while getting the ball rolling on material and equipment with long lead times.

October 2022 Issue

This issue of the Industry Analysis report spotlights the trend between construction input cost and the overall cost of construction. During the early days of the pandemic, the overall cost of new non-residential construction was quickly outpaced by the input cost of completing the work. Now, over two years later, we are starting to see downward trending in the cost of these construction resources.

June 2022 Issue

In this issue of the Industry Analysis report, we spotlight construction labor growth and how your location may compare to others on the East Coast. The relative data points detail the growth percentage in each of PC’s major work areas with an overall state-specific ranking. Overall, we are seeing some positive growth trends in northern New England, slow to moderate growth in North Carolina and Florida, and a declining construction labor market in New York, Metro DC, and Georgia.