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Changes in reconstruction costs by state Q3 2014

By Visualize Editor July 1, 2014

(July 2013 to July 2014)

Replacement cost estimates will continue to rise in the third quarter of 2014

360value reconstruction cost state map united states

The year-over-year increase in reconstruction costs grew approximately 2.7 percent since last July. All states, with the exception of Alaska, had reconstruction cost increases of more than 2 percent, with 13 states seeing increases of more than 4 percent. Increased costs for labor were a contributing factor in the annual increase. Overall, retail labor rates increased 2.9 percent, while overall materials costs are down slightly since July 2013.

To learn more, view the 360Value® Overview of Property Reconstruction Cost Changes for third-quarter 2014