Here's what Craftsman has to say about the direction of construction prices in the "about this book" section of the 2016 "National Renovation & Insurance Repair Estimator":
"WHAT'S NEW IN 2016
In last year's edition it was noted that overhead and profit margins for many restoration and repair contractors had been slipping between 2008 and 2014. In 2015, repair contractors were no longer able to hold the line, and estimate prices started to more closely track their increasing costs. Although an overall economic recovery in the United States remains elusive, many regions of the country are booming with strong new construction and remodeling activity that increases the competition for labor. The end results are modest 2016 price increases in most trades for both labor and materials."