Apparently you haven't been to Home Depot for project materials lately!
It's impossible to arrive at an exact increase because each material or finished product is different, but here are a few price comaparison stats I was able to pull together.
2010 Ending Cost per 1.000 board feet of lumber $316.40
2021 Ending Cost per 1,000 board feet …
Apparently you haven't been to Home Depot for project materials lately!
It's impossible to arrive at an exact increase because each material or finished product is different, but here are a few price comaparison stats I was able to pull together.
2010 Ending Cost per 1.000 board feet of lumber $316.40
2021 Ending Cost per 1,000 board feet of lumber $1143.90 up 261.5% (after peaking at $1670.50) per macrotrends.net
Cement has not increased as much, but escalated from under $90 / metric ton in 2012 to $125 / metric ton at the end of 2021, up 40%, per statista.com
(Concrete, a manufactured product using cement that costs ~ 2.5 times what the cement component does, was at about $336 / ton at the end of 2021 per bls.gov)
Steel went from $487 / ton in 2012 to $1,270 in 2021, up 160%, per lakeairmetals.com. And the delay in getting a steel order especially filled, like all things in the pipeline, has escalated dramatically, adding time costs to any large project.
All manufactured or finished components have escalated more than materials themselves because they all include escalating costs of labor, transport, storage, etc. on top of the increased cost of underlying materials.
Those are not increases of "several times over." Lumber has not doubled, neither has concrete.
Even so, Ryan Field is projected to lose approx. 1/4 of its capacity when the project is complete (dropping from about 47,000 capacity now to about 35,000 capacity when finished). So, what does that say about the cost of renovating Cal Memorial? I think it was a huge amount at the time. The cost is looking better now.
Apparently you haven't been to Home Depot for project materials lately!
It's impossible to arrive at an exact increase because each material or finished product is different, but here are a few price comaparison stats I was able to pull together.
2010 Ending Cost per 1.000 board feet of lumber $316.40
2021 Ending Cost per 1,000 board feet of lumber $1143.90 up 261.5% (after peaking at $1670.50) per macrotrends.net
Cement has not increased as much, but escalated from under $90 / metric ton in 2012 to $125 / metric ton at the end of 2021, up 40%, per statista.com
(Concrete, a manufactured product using cement that costs ~ 2.5 times what the cement component does, was at about $336 / ton at the end of 2021 per bls.gov)
Steel went from $487 / ton in 2012 to $1,270 in 2021, up 160%, per lakeairmetals.com. And the delay in getting a steel order especially filled, like all things in the pipeline, has escalated dramatically, adding time costs to any large project.
All manufactured or finished components have escalated more than materials themselves because they all include escalating costs of labor, transport, storage, etc. on top of the increased cost of underlying materials.
Those are not increases of "several times over." Lumber has not doubled, neither has concrete.
Even so, Ryan Field is projected to lose approx. 1/4 of its capacity when the project is complete (dropping from about 47,000 capacity now to about 35,000 capacity when finished). So, what does that say about the cost of renovating Cal Memorial? I think it was a huge amount at the time. The cost is looking better now.