Kelvin Davidson: CoreLogic chief economist says construction costs are likely to continue to rise

episode

Best of Business not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Best of Business

Jannet Xuccoa: When's the right time for a trust? 44 min · 21 Dec 2025

All episodes from Best of Business →

Report any issue

Source

Recorded08 Feb 2022

Publisheromnycontent.com ↗

Handlerec:7249768

Show notes

Construction costs are continuing to skyrocket and there are no signs of slowing down. The CoreLogic Cordell Construction Cost Index for the last quarter of 2021 shows a 6.2 percent increase. That's the highest in four years. But experts are warning that figure could hit double digits. CoreLogic chief economist Kelvin Davidson told Kate Hawkesby costs could easily rise to 10 per cent or more and stay that way. “The builders, they’ve got such a big pipeline of work in front of them and Omicron, Covid I think there’s going to be supply disruptions for a while so I could imagine double digits for a little period of time.” LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.