{"id":14008,"date":"2021-10-31T19:37:32","date_gmt":"2021-10-31T19:37:32","guid":{"rendered":"https:\/\/cranemarket.com\/blog\/?p=14008"},"modified":"2021-10-31T19:38:13","modified_gmt":"2021-10-31T19:38:13","slug":"eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/","title":{"rendered":"Eye-opening perspective on the North American tower crane market in 14 key cities"},"content":{"rendered":"

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Tower Crane<\/a> Index and Quarterly Cost Report. Together, the two documents provide an eye-opening perspective on the North American construction industry in 14 key markets.<\/p>\n

With data current to July 1, 2021, the latest RLB quarterly cost report shows that the national average increase in construction costs was approximately 1.51%. Boston, Los Angeles, Seattle, and Washington D.C. all experienced increases greater than the national average, while Chicago, Denver, Honolulu, Las Vegas, New York, Phoenix, Portland, and San Francisco saw fewer gains than the national average.<\/p>\n

With materials, prices continuing to increase and construction starts down across most sectors, the pressure is on contractors to bid competitively. \u201cSince July 2020, contractor\u2019s bid prices have grown 4.4%, while over the same period of time, the Producer Price Index has increased to 25.6%,\u201d said Julian Anderson, FRICS, President of RLB North America. \u201cThis has significant implications for the construction business, as well as other AEC industries.\u201d<\/p>\n

Tower Crane Index notes<\/strong><\/h3>\n

\u2022 Cities seeing an increase in tower cranes include Los Angeles, San Francisco, and Toronto<\/p>\n

\u2022 Cities holding steady in their tower crane counts include Las Vegas and New York City<\/p>\n

\u2022 Cities with a decrease in tower cranes include Boston, Calgary, Chicago, Denver, Honolulu, Portland, Phoenix, Seattle, and Washington D.C.<\/p>\n

Quarterly Cost Report notes<\/strong><\/h3>\n

\u2022\u00a0The U.S. quarterly national average increase in construction cost is approximately 1.51%, compared to 0.16% year-over-year<\/p>\n

\u2022\u00a0The construction unemployment rate drops to 7.5%, while the national unemployment rate dips to 5.9%<\/p>\n

\u2022\u00a0The Architectural Billings Index (ABI) rises to 57.1<\/p>\n

Read the complete QCR report\u00a0here<\/a>. \u00a0The Crane Index is\u00a0here<\/a>.<\/p>\n

Published By AZ Big Media<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Tower Crane Index and Quarterly Cost Report. Together, the two documents provide an eye-opening perspective on the North American construction industry in 14 key markets. With data current to July 1, 2021, the latest RLB quarterly cost report shows that the […]<\/p>\n","protected":false},"author":5,"featured_media":14009,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,3,6],"tags":[],"yoast_head":"\nEye-opening perspective on the North American tower crane market in 14 key cities - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eye-opening perspective on the North American tower crane market in 14 key cities - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Tower Crane Index and Quarterly Cost Report. Together, the two documents provide an eye-opening perspective on the North American construction industry in 14 key markets. With data current to July 1, 2021, the latest RLB quarterly cost report shows that the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"MachineMarket Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-31T19:37:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-31T19:38:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2021\/10\/tower-cranes-in-phoenix.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"638\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/machine.market\/blog\/#organization\",\"name\":\"CraneMarket | Cranes for Sale and Rent\",\"url\":\"https:\/\/machine.market\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/machine.market\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2019\/03\/crane-market-logo.png\",\"width\":282,\"height\":81,\"caption\":\"CraneMarket | Cranes for Sale and Rent\"},\"image\":{\"@id\":\"https:\/\/machine.market\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/machine.market\/blog\/#website\",\"url\":\"https:\/\/machine.market\/blog\/\",\"name\":\"MachineMarket Blog\",\"description\":\"Machine News\",\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/machine.market\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2021\/10\/tower-cranes-in-phoenix.jpg\",\"width\":960,\"height\":638},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/#webpage\",\"url\":\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/\",\"name\":\"Eye-opening perspective on the North American tower crane market in 14 key cities - MachineMarket Blog\",\"isPartOf\":{\"@id\":\"https:\/\/machine.market\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/#primaryimage\"},\"datePublished\":\"2021-10-31T19:37:32+00:00\",\"dateModified\":\"2021-10-31T19:38:13+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/#webpage\"},\"author\":{\"@id\":\"https:\/\/machine.market\/blog\/#\/schema\/person\/0db2729e434bb931ecb1cbce1e8a4f50\"},\"headline\":\"Eye-opening perspective on the North American tower crane market in 14 key cities\",\"datePublished\":\"2021-10-31T19:37:32+00:00\",\"dateModified\":\"2021-10-31T19:38:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/eye-opening-perspective-on-the-north-american-tower-crane-market-in-14-key-markets\/#primaryimage\"},\"articleSection\":\"Constuction & Business News,Crane & Lifting News,Equipment Rental News\",\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/machine.market\/blog\/#\/schema\/person\/0db2729e434bb931ecb1cbce1e8a4f50\",\"name\":\"Max Daman\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/machine.market\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1cd2965c45f36055c3740c229b82d51d?s=96&d=mm&r=g\",\"caption\":\"Max Daman\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/posts\/14008"}],"collection":[{"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/comments?post=14008"}],"version-history":[{"count":3,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/posts\/14008\/revisions"}],"predecessor-version":[{"id":14012,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/posts\/14008\/revisions\/14012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/media\/14009"}],"wp:attachment":[{"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/media?parent=14008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/categories?post=14008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/machine.market\/blog\/wp-json\/wp\/v2\/tags?post=14008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}