CoreLogic, a renowned global provider, plays a crucial role in the property and related industries. With its extensive data and analytics, it offers valuable insights into various aspects of construction and real estate. Let's delve into the details.

Empowering with Accurate CoreLogic Data

CoreLogic's Data Sources and Updating Process

CoreLogic meticulously develops its reports by leveraging up-to-date materials and labor costs. The team of analysts is constantly engaged in researching hard costs such as labor, material, and equipment, including mark-ups. This dedication ensures that the database is updated every month, keeping it in sync with the latest market trends.Moreover, the research extends to soft costs like taxes and fringe benefits, which are essential for reconstruction work in the insurance industry. By monitoring demographics, econometric statistics, government indicators, and localization requirements from thousands of unique economies across the U.S., CoreLogic provides a comprehensive view.

Wage Rates and Construction Data Points

CoreLogic's data encompasses wage rates for more than 85 union and non-union trades. This extensive coverage allows for a detailed analysis of labor costs in different sectors. Alongside, it includes over 100,000 construction data points, providing a rich dataset for in-depth studies. These data points help in understanding productivity rates and crew sizes, which are crucial factors in construction projects.

Building Code Requirements and Localized Costs

Building code requirements and localized cost variables are also integral parts of CoreLogic's research. By considering these factors, the company can provide more accurate estimates of reconstruction costs. It ensures that the data is tailored to specific locations and business conditions, accounting for the unique challenges and opportunities in each area.

Validating Cost Data

To ensure the accuracy of cost data, CoreLogic employs various methods. It analyzes field inspection records, contractor estimates, phone surveys, and both partial and complete loss claim information. This multi-faceted approach helps in validating the data and providing reliable estimates.Please complete the online form to provide feedback or request information on any items in our construction database. For additional explanations or questions, feel free to contact your sales executive or account manager. A more detailed methodology explanation can be found in our Construction Database Pricing Methodology white paper.CoreLogic, headquartered in Irvine, Calif., operates in North America, Western Europe, and Asia Pacific. With over 4.5 billion records spanning more than 50 years, it serves a wide range of markets including real estate and mortgage finance, insurance, capital markets, and the public sector. Clients rely on CoreLogic to identify and manage growth opportunities, improve performance, and mitigate risk.NOTE: The building material, labor, and other cost information in this bulletin is generated using research, sources, and methods current as of the date of this bulletin and is intended only to provide an estimated average of reconstruction cost trends in the specified general geographic regions of the United States. This cost information may vary further when adjusting claim values for specific property locations or specific business conditions.