17PRICES & SPENDINGNonresidential building construction overhead and profit markups: 2018 through 2022By Derek WasilewskiIn 2004, the Producer Price Index (PPI) introduced indexes tracking the average changes in prices received by the nonresidential building construction sector. This Beyond the Numbers article provides updated information that supplements two previous articles from the PPI relating to nonresidential building construction. Next, as part of the monthly calculation of the PPIs for nonresidential building construction, the program maintains a survey of nonresidential building construction contractors. This information, along with the aggregate PPI for new nonresidential building construction and a measure of construction material input costs to new nonresidential building construction industries, is shown in chart 1. From April 2020 through June 2022, the average percentage of respondents reporting changes to overhead and profit markups grew to over 17 percent.

Source: New York Times November 28, 2023 21:43 UTC