Search
 

Lumber Crunch Escalates Repair Costs

Significant increases in material and labor expenses have pushed reconstruction costs in the state of California to an all-time high, according to recent research from Castle Data Services, a

By Staff Writer | Updated on February 06, 2006

Significant increases in material and labor expenses have pushed reconstruction costs in the state of California to an all-time high, according to recent research from Castle Data Services, a provider of residential replacement cost data based in Salt Lake City.

“The Central Valley will see the most significant increase,” said Glenn Polignano, Castle’s data and information manager. “Some areas have seen building costs increase more than 15 percent in the last year.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.