Vol. V, No. 3, April 2005
- Editor's corner
- Androcentrism: the curse of male-bias
- Construction costs escalate
- Foundations Entertainment University just weeks away
- Golden anniversary for largest operator of LBEs
- Insights from Yankelovich
- What a difference 'highly satisfied' makes
- Speed of service
- Away-from-home entertainment spending
- Worldwide universality of play
- Dairy Queen partners with Nickelodeon
- Why families go out to eat
- New projects
Construction costs escalate
New construction costs are continuing to increase. From January 2004 to February 2005, new construction costs have increased 10.6%, mainly due to material price increases. Whereas materials used to account for 50% of construction costs, materials now represent 55% of total costs.
The largest price increase has been with steel products. Since January 2004, steel mill products have increased in price by 46.2%. Other cost increases in the past 13 months include:
| Gypsum (includes wallboard) | 20.9% |
|---|---|
| Lumber & wood products | 11.4% |
| Millwork | 6.0% |
| Cement | 11.2% |
Generally, new construction costs were increasing less than inflation or more or less in step with it until 2004, when prices starting shooting skyward.
These price increases are sure to have a significant impact on the feasibility
of many new LBE projects.
Vol. V, No. 3, April 2005
- Editor's corner
- Androcentrism: the curse of male-bias
- Construction costs escalate
- Foundations Entertainment University just weeks away
- Golden anniversary for largest operator of LBEs
- Insights from Yankelovich
- What a difference 'highly satisfied' makes
- Speed of service
- Away-from-home entertainment spending
- Worldwide universality of play
- Dairy Queen partners with Nickelodeon
- Why families go out to eat
- New projects
