Student Housing Construction Costs Brief Summer 2022
The Construction Confidence Index declined from April to May 2022, in regards to sales, profit margins, and staffing levels; however, backlog in every sector increased during that same period. ENR’s Building Cost Index has gone up 13.5% since last year at this time, while the Construction Cost Index has only risen 7.6%. At Weitz, we are confident in our ability to continue to deliver projects on time and on budget thanks to our integrated preconstruction and planning approach.
This brief was prepared by David Mellema, Preconstruction Director; Shannon Spencer, Preconstruction Manager; and Emily Kessinger, Sr. Business Development Manager of The Weitz Company’s student housing team.
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