Vermeulens Releases Q2-2018 Market Outlook
Vermeulens has released its market outlook report for the second quarter of 2018. Key points include:
Construction price escalation nationally has trended to 4 percent per annum for the second quarter of 2018. Due to consistent increases in construction costs over the past few years, the long-term trend for the Vermeulens Index is up to 3.4 percent from 3.3 percent.