Construction Pricing Update
Howdy friends, it’s that time of year again here in the greatest city on earth! And just like the wild ride you are seeing at this year’s Houston Rodeo, land development has been on quite the ride over the last few years. For some of us, it’s been a real kick in the pants! Well folks, we have some good news for you. Your EHRA Construction team has been on top of this here rodeo and are happy we shed some light on the improving trend in single family subdivision construction prices. Yes it’s true my friends, prices have cooled off from the red hot summer of 2022 when we saw run away pricing reach its peak. But how much has it improved? Let’s take a quick look at leading indicators.
8” PVC water main has come back to price points we saw in May of 2021
8” PVC Sanitary Sewer main is back to pricing of June of 2021.
24” RCP Storm Drain is bidding at prices we haven’t seen since October of 2021
6” Concrete Paving has reset back to summer of 2021 pricing
If you haven’t talked with your favorite EHRA project manager, pick up the phone or drop us a line. We would love to hear from you, talk about construction pricing, and discuss your project.
Until next time folks…
Tim Hodes, PE – CPS Practice Area Leader