The cost of paving has been on the rise in recent years, causing many property owners to wonder why it’s so expensive in 2023. In this article, we’ll explore some of the reasons why paving costs so much in 2023.
One of the main reasons for the increase in paving costs is the rise in material costs. The cost of raw materials such as concrete, asphalt, and natural stone has been increasing due to a variety of factors, including inflation, supply chain disruptions, and increasing demand.
Labor costs are another significant factor contributing to the rise in paving costs. In 2023, the cost of labor has risen 4.5% since 2022 the market has become increasingly competitive, with a shortage of skilled workers and increasing wages.
Transportation costs are another factor contributing to the rise in paving costs. The cost of fuel and transportation has increased in recent years, making it more expensive to transport materials and equipment to job sites.
Finally, the demand for paving services has also increased in recent years, driving up prices. As more people invest in their properties and look for ways to improve their outdoor spaces, there is more competition for paving services. This increased demand can drive up prices as contractors are able to charge more due to the high demand.
The rise of paving cost
