Construction Costs & Trends in Charlotte, NC Metropolitan Area

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The Charlotte, NC construction market is still highly competitive and performing robustly. However, there are early signs pointing toward a potential moderate slowdown.

As the first in a 2019 series of market studies analyzing the local and national economic factors affecting construction costs, OCMI’s cost management and economic team take a deep dive into the Charlotte, NC Metropolitan Area. What we discovered is a highly competitive market – challenges in hiring common and skilled labor, combined with rising wages and substantial increases of materials, are leading to an above-average, year-over-year escalation of construction costs. While the market will continue to perform robustly in 2019, there are preliminary signs pointing toward a potential moderate slowdown beginning in 2020.

To download a copy of OCMI’s findings and examination of the Charlotte, NC construction market, please submit your information below. Please note, we will not sell, distribute, or otherwise share your information to third parties outside of OCMI.