Cohousing-L Mailing List: The escalating cost of construction

[Ann Zabaldo (zabaldo]

Hello all —

For those of you who are pausing on your construction start date because of the 
increasing cost of construction … here is an article which might have some 
insight into what the development/housing segment of our economy is facing:

Tiny URL

https://tinyurl.com/mvj4hyb9

Standard URL

https://www.bizjournals.com/washington/news/2022/08/25/construction-costs-increase-this-year.html?csrc=6378&cpncd=&utm_source=mk&utm_medium=re&utm_campaign=sb&utm_content=1-re-article1-p&mkt_tok=NjczLVVXWS0yMjkAAAGIMCi8B0oeGqd4ASEmO_I8GIlr8RrBlB4ffTdHx45IrhOs-_gLPaBmkzBy_x9ADBKE2uqjplOORzfcpJVr1d0H6eejyVnQo7nPaNgU0axRHNhzoNsf4l0

With cost escalation expected to rise by as much as 14.1% by the end of 2022 — 
mercifully short time period now — one possible solution that Trammel Crow, a 
subsidiary of CBRE is instituting:

"I think it’s really important now more than ever to bring the general 
contractor and subcontractors into the fold and design as early as possible, so 
we’re really digesting all of the factors that impact the construction, and 
help us think about the design and what we’re proposing and what we’re 
presenting for our project, in order to mitigate the issues we see,” 
(Nancy)Moses continued.

CBRE expects construction increases of 4.3% in 2023 and 2.9% in 2024.  

This document may be behind a paywall.  If you are unable to open it let me 
know — will try to summarize more of the article.

Best —

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Ex. Dir. & Mbr. Board of Directors
Mid Atlantic Cohousing
Principal, Cohousing Collaborative, LLC
Falls Church, VA
202.546.4654
zabaldo [at] earthlink.net

I’ve been watching my weight...
It’s still there.

NOTE:  Please use zabaldo [at] earthlink.net for email.