Initial Cost of Construction Survey
The MII Board of Directors voted this fall to participate in the Initial Cost of Construction survey. The objective of the 2017 study was to develop a construction cost model to accurately evaluate the relative construction cost of a multi-family building constructed using six different construction materials. The study shows that masonry is a cost-effective building material. To view the results from the national study, click here.
Along with the national study, MII had the opportunity to have an Iowa market analyzed. The MII board of directors chose the Des Moines market using prevailing wage. The relative cost presented is a percentage of the conventional wood frame system, and also shows masonry is a cost-effective building material. Click here to view the results from the Des Moines study.
To further educate the design community on the statistics of this survey, MII is securing Dr. Walter Schneider, lead of the study, to present a two-hour continuing education program on the initial cost of construction at MII's annual Masonry Seminar in February. In addition, MII will also be creating marketing materials and programs using this study as its backbone later this year. Please feel free to share the results listed above.