The Western corridor saw an average year-over-year construction cost increase of 4.17%, slightly behind the national average of 4.37%. These cities include Las Vegas (4.40%), Los Angeles (3.57%), Phoenix (4.42%), Portland (4.35%), San Francisco (3.78%), and Seattle (4.48%).
This region is feeling growing pains—with soaring material costs and stretched labor resources (mirroring national concerns). While desert markets like Phoenix and Las Vegas are recalibrating to match supply with demand, California’s regulatory shifts could unlock a new wave of housing and infrastructure development. We anticipate that keeping projects agile, tracking policy changes, and managing staffing effectively will be the key to success across these metro areas
The map below compares the annual percentage change for the West Region of the U.S.; the gallery below shows the quarterly percentage change for individual West & Southwest Region cities.
FURTHER INFORMATION:
