Welcome again to the most recent version Substack Weblog that focuses on labor and building materials prices. Engineering Information Report (ENR) historical past that may be traced again to 1874. The publication has its roots in two separate publications, Engineer & Surveyor and The Plumber and Sanitary Engineer. The primary difficulty of Engineering Information-Report was revealed on April 5, 1917. On January 1st, 1987, the acronym ENR was adopted because the title of the bi-weekly journal. The charts that comply with use information which can be courtesy of ENR journal that’s revealed 26 occasions a yr. Historic information was pulled from microfiche copies of the journal obtained from the New York Public Library. ENR journal is barely a small portion of the merchandise supplied by Engineer Information Report and we suggest readers, notably these with an curiosity in engineering and building, take the time to view the ENR web site to be taught extra at…
https://www.enr.com/
Setting apart the fixed “chug” greater over the long-term and a standard seasonal increase in Widespread Labor Prices (typically pushed by risky climate circumstances) and contemplating the consequences of potential shortages of the frequent labor pool pushed by the present political local weather, the Widespread Labor Index is up 3.12% from this time final yr. The five-month transferring common (crimson line) of the 12-Month Fee of Change within the decrease panel is noteworthy.
The Expert Labor Index has additionally seen a big “pop” within the 12-Month Fee of Change since final April. What financial or labor demand fundamentals that precipitated the sharp drop within the second quarter of final yr is just not my forte to clarify, however there was a pointy rebound because the ENR Expert Labor Index is up 4.36% YoY.
After two years of declining costs, a pointy bounce within the 20-Metropolis Common Worth of 16 Guage Stainless Metal Sheet, up 11.71% since this time final yr. On the danger of stating the apparent, “inventory piling”?
Since Q3 of final yr Asphalt costs have jumped sharply greater and are actually up 52.70% over the previous 12 months even with oil costs down from $95 in October of final yr (at present within the low 60s). As may be seen under the transfer within the ENR 20-Metropolis Common Worth of Cutback MC800 has been in live performance with a better transfer in Crushed Stone.
After a short dip within the ENR 20-Metropolis Common Worth of Crushed Stone within the third quarter of final yr the per ton worth for Base Course has lifted off once more and is up 40.06% since this time final yr.
The ENR 20-Metropolis Worth of Gentle Weight Concrete Block had moved sideways for the higher a part of a yr and a half till it rose to new highs firstly of this yr and is now up 10.93% over the previous twelve months.
The 20-Metropolis Common price of 36” Corrugated Metal Pipe has risen steadily for the reason that second quarter of 2022 and final month it marked a all-time excessive. It’s at present up 46.53% since this time final yr.
Knowledge is courtesy of Engineering Information Report
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