Escalation Rates Developed by Cummings Corporations for SC Locations
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Escalation Rates Developed by Cummings Corporations for SC Locations
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Escalation Rates Developed by Cummings Corporations for SC Locations. CUMMING DOE Science Construction Cost Workshop October 23 rd , 2012. CONSTRUCTION FORECAST. National & Global Factors. Construction Volatility-Price Pressure Score Sheet. - PowerPoint PPT Presentation
Transcript of Escalation Rates Developed by Cummings Corporations for SC Locations
Escalation Rates Developed by
Cummings Corporations for
SC Locations
CUMMINGDOE Science Construction Cost Workshop
October 23rd, 2012
CONSTRUCTION FORECAST
National & Global Factors
Construction Volatility-Price Pressure Score Sheet
Commodities – Extremely Volatile but Looking Better
Global Insight– October 2012
Forecast by Market – 2012 - 2015Trend Forecast 2013:
US National volume forecasted to increase 3.1% in 2012, increase 5.4% in
2013
In Summary - Recovering, but more like a “dead cat bounce”
Strongest Markets Pacific and Mountain Regions
Weakest Market Midwest
San Francisco & Bay Area – Escalation
SAN JOSE-SF-OAKLAND ESCALATION FORECAST 2012-2015
2015
2014
3.5% - 3.6%
3.9% - 4.3%
4.0% - 4.4%
3.8% - 4.2%
2012
2013-30%
-20%
-10%
0%
10%
20%
Total Const Volume - % Y-O-Y Increase/Decrease
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
Non-Resid Const Vol - % Y-O-Y Increase/Decrease
- Nat'l Avg
- Nat'l Avg
Richland, WA – Escalation
2014 3.0% - 3.4%
2015 3.2% - 3.6%
KENNEWICK-PASCO-RICHLAND, WA ESCALATION FORECAST 2012-2015
2012 2.9% - 3.1%
2013 3.0% - 3.4%-30%
-20%
-10%
0%
10%
20%
30%
Total Const Volume - % Y-O-Y Increase/Decrease
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
Non-Resid Const Vol - % Y-O-Y Increase/Decrease
- Nat'l Avg
- Nat'l Avg
Chicago, IL – Escalation
2014 3.7% - 4.1%
2015 3.6% - 4.0%
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI ESCALATION FORECAST 2012-2015
2012 3.4% - 3.5%
2013 3.6% - 4.0%-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
Total Const Volume - % Y-O-Y Increase/Decrease
-20%
-15%
-10%
-5%
0%
5%
10%
15%
Non-Resid Const Vol - % Y-O-Y Increase/Decrease
- Nat'l Avg
- Nat'l Avg
Newport News, VA – Escalation
2014 3.5% - 3.9%
2015 3.5% - 3.9%
VIRGINIA BCH-NORFOLK-NEWPORT NEWS, VA ESCALATION FORECAST 2012-2015
2012 3.6% - 3.8%
2013 3.6% - 4.0%-20%
-15%
-10%
-5%
0%
5%
10%
15%
Total Const Volume - % Y-O-Y Increase/Decrease
-15%
-10%
-5%
0%
5%
10%
15%
Non-Resid Const Vol - % Y-O-Y Increase/Decrease
- Nat'l Avg
- Nat'l Avg
Long Island, NY – Escalation
2014 4.0% - 4.4%
2015 3.9% - 4.3%
NEW YORK-NORTHERN NJ-LONG ISLAND, NY-NJ ESCALATION FORECAST 2012-2015
2012 3.8% - 3.9%
2013 3.9% - 4.3%-40%
-30%
-20%
-10%
0%
10%
20%
Total Const Volume - % Y-O-Y Increase/Decrease
-20%
-15%
-10%
-5%
0%
5%
10%
15%
Non-Resid Const Vol - % Y-O-Y Increase/Decrease
- Nat'l Avg
- Nat'l Avg
Princeton, NJ – Escalation
2014 4.0% - 4.4%
2015 3.9% - 4.3%
TRENTON-EWING, NJ ESCALATION FORECAST 2012-2015
2012 3.8% - 3.9%
2013 3.9% - 4.3%-20%
-15%
-10%
-5%
0%
5%
10%
15%
Total Const Volume - % Y-O-Y Increase/Decrease
-20%
-15%
-10%
-5%
0%
5%
10%
15%
Non-Resid Const Vol - % Y-O-Y Increase/Decrease
- Nat'l Avg
- Nat'l Avg
