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Changes in reconstruction costs by state Q4 2014

By Visualize Editor October 1, 2014

(October 2013 to October 2014)

Replacement cost estimates continue to rise in the fourth quarter of 2014

Year-over-year reconstruction costs grew approximately 3.3 percent since October 2013. All states, with the exception of Alaska, had reconstruction cost increases of more than 3 percent, with 24 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 2.1 percent, and overall materials costs increased 1.6 percent.

360Value reconstruction cost state map United States

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