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Construction costs rising at the fastest annual pace since 2005

CoreLogic’s Cordell Construction Cost Index (CCCI) for Q4 2021 showed that despite an easing in the quarterly rate of growth, national construction costs increased 7.3% over the 2021 calendar year, the highest annual growth rate since March 2005.
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Why Banks Require Quantity Surveyor Reports

If you’re undertaking a commercial/residential construction project or building a new home, one of the biggest challenges you’re going to face is securing finance.  Before a bank will lend you money, they will need a clear understanding of associated costs and risks.