Clear Search
Clear Search
Market Conditions
 Ukiah Hawkins
Ukiah Hawkins
May 3, 2021 at 3:54 pm

Replacement Costs

Hello!

I am an Appraiser Assistant in the Northern Oregon Coast area.

One thing I have noticed is the difficulty of establishing evidence that proves an increase in replacement costs in terms of our cost approach. Does anyone know of any resources that can be used to help establish confident sources of evidence in terms of current construction materials costs?

3
2

  • Jim Morrison

    May 5, 2021 at 10:13 am
    May 5, 2021 at 10:13 am
    Post count: 5

    Ukiah,

    That is a great question we are seeing asked a lot. We interviewed Robert Carroll the chair of the single family finance committee at NAHB to discuss that topic. https://www.youtube.com/watch?v=5X5IU3Gdo1c. We recorded that in march though so even his numbers he used have increased since then.

  • Brent Bowen

    May 25, 2021 at 2:44 pm
    May 25, 2021 at 2:44 pm
    Post count: 1

    The Federal Reserve publishes economic data which can be helpful. The CPI and PPI are good overall inflation trackers, but there are subsets by industry. This one is helpful and can put some solid data behind the recent increase in building costs: https://fred.stlouisfed.org/series/PCU44414441

    I hope this helps!

Log in to reply.

WordPress Ads

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .