TITLE

Katrina Keeps Inflation Roaring

AUTHOR(S)
Grogan, Tim; Angelo, William J.
PUB. DATE
September 2005
SOURCE
ENR: Engineering News-Record;9/26/2005, Vol. 255 Issue 12, p66
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the impact of Hurricane Katrina on the U.S. construction industry. Hurricane Katrina is expected to give inflation in the construction industry a second wind. Two studies completed since the storm struck also see Katrina as having a major impact on construction costs. Davis Langdon, a cost consultant, thinks the storm will increase overall costs for residential work 10 to 15% in the impacted region and 5 to 10% nationally. Non-residential building costs are expected to rise 5 to 10% locally and less than 5% nationally.
ACCESSION #
18541864

 

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