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Construction Boom

All across the Twin Cities metro, tower cranes dot the skyline. Kare 11, the Minneapolis-St. Paul area’s NBC affiliate, has taken note and recently asked McGough’s Chief Operating Officer, Brad Wood, for insights on the increase in construction costs over the last year. See what Brad had to say below!

Clarification: Brad’s comment on escalation appears misinterpreted to suggest that total building costs have increased two- to three- fold in recent years. However, the original comment was intended to describe the doubling / tripling of annual growth rate percentages for many construction inputs. This higher-than-average recent growth rate correlates directly with increased demand for materials and labor.

Any project, anywhere.

McGough stands ready to help you build any project, anywhere. Throughout the country, our locations are staffed with remarkable people who are ready to partner with you on your next project, whatever its size, scope, scale or style. With decades of combined experience and a focus on your needs and priorities, we have the capabilities, expertise, interest and enthusiasm to achieve your vision for any facility in any location.