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Changes in reconstruction costs by state Q1 2014

January 2013 to January 2014

Insurers can expect increased replacement cost estimates in the first quarter of 2014

Reconstruction costs have increased by an average of 3 percent nationwide compared with one year ago, which should result in higher replacement cost estimates across the country. In fact, reconstruction costs increased by at least 2 percent in every state. New York, Arizona, New Mexico, and Vermont had the largest increases, with each state seeing increases of at least 5 percent.

For more details, view the 360Value® Overview of Property Reconstruction Cost Changes, which also includes details about how costs for building materials and labor have changed over the past year.

360value reconstruction cost state map united states
Click to enlarge

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