(April 2013 to April 2014)
Replacement cost estimates will continue to rise in the second quarter of 2014
The year-over-year increase in reconstruction costs grew approximately 3.0 percent for the previous four quarters (2Q–4Q 2013, 1Q 2014). Reconstruction costs are still up for the period between April 2013 and April 2014; however, the increase is half of the recent trend at 1.5 percent. Contributing to that change is an overall decrease in materials costs in the United States.
To learn more, view the 360Value® Overview of Property Reconstruction Cost Changes for second-quarter 2014.