In our analysis of nylon carpet cost, we have seen an exponential increase in the past few months. After three years of relatively low fluctuation in costs, trending at 0.4% average growth rate, there was a 60.5% increase in nylon carpet costs.
The pre-COVID-19 growth rate for interior latex paint was 0.8%, rising to 9.5% due to the pandemic impact. Similarly, but even more dramatic, is the rise in costs of ceramic wall tile after COVID-19 — rising from a -8.4% decline in costs to an 8.2% increasing growth rate.
Visualizing the Data:
Gordian regularly collects, validates and analyzes North American construction material costs to maintain RSMeans data, its construction costs database. RSMeans data contains more than 85,000 material, labor and equipment prices localized to more than 970 locations.
For more information, go to www.gordian.com.