Joel Teemant

Total reconstruction costs in the United States, including materials and retail labor, increased by 5.2% from April 2024 to April 2025, up from April 2023 to April 2024 (4.6%).

Read the latest 360Value Quarterly Reconstruction Cost Analysis for more information on this quarter’s performance.

Verisk offers an ecosystem of underwriting solutions that provides reliable, comprehensive, and integrated solutions designed to mitigate risk

Total reconstruction costs, including materials and retail labor, continue to increase nationwide.

Total reconstruction costs, including materials and retail labor, continue to increase nationwide.

Verisk releases new quarterly reconstruction costs report for Q2 2024.

Verisk releases new quarterly reconstruction costs report for Q1 2024.

Total reconstruction costs increased 5.1% from October 2022 to 2023. This uptick follows the 4.3% increase from July 2022 to July 2023.

Current and curated data about a structure’s age, square footage, and use are the backbone of reliable reconstruction cost estimates (RCEs).

Total reconstruction costs increased 4.3% from July 2022 to July 2023. This uptick follows the 3.1% increase from April 2022 to April 2023.

Despite mitigation measures, natural hazards may still cause damage, and insurers need actionable data to guide underwriting and pricing.

Total reconstruction costs, including materials and labor, increased 3.1% from April 2022 to 2023. Costs continue to slow down and steady.

The truest test of an ITV solution is how it performs with actual losses, which can yield critical data to validate and calibrate RCEs.

Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.

Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.