Forecasting Public Recovery Expenditures’ Effect on Construction Prices and the Demand for Construction Labor

The scale of Puerto Rico’s recovery efforts after Hurricane Maria means that these efforts are likely to fundamentally change Puerto Rico’s economy in terms of labor, materials, and equipment. Researchers aimed to develop estimates of future construction costs and build factors that cost estimators can apply to current costs to reflect the future cost of construction. This report documents their approach, data, findings, and recommendations.