National Construction Cost Index

The National Construction Cost Index (NCCI) measures the changes in costs associated with construction over time. It tracks the prices of materials, labor, and other costs involved in building projects across the country. By providing a standardized measure, the NCCI helps industry professionals, policymakers, and investors understand trends in construction expenses, allowing for better budgeting and financial planning. In essence, it serves as a benchmark for assessing how much construction costs are rising or falling, reflecting the overall health and direction of the construction market.