The construction output price in the United Kingdom has reached an annual growth rate of two percent in September 2024. Construction costs have been increasing at a lower rate than in 2022 and 2023. The year-over-year growth rate reached over ** percent in May and June of 2022. Public and private housing was the construction segment with the highest output price increase. How have material costs developed over the years? Several factors influence construction material costs, including supply and demand, regulatory requirements, and transportation logistics. Manufacturing efficiency and global trade policies also play a big part, along with economic factors like inflation and currency fluctuations. In June 2022, the price of construction materials for new houses in the UK were ** percent higher than in 2015. What is the largest component of those costs? Labor costs are often one of the largest expenses in construction projects. That is due to the skilled nature of the work, which has a high demand for specialized trades. The construction sector's labor costs accounted for around ** percent of the sector's earnings in the United Kingdom in 2023. In the past years, the size of labor costs as a share of the construction sector rose by more than ***** percentage points, indicating that labor costs have increased at a faster rate than the overall revenue of the industry.

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

Construction Output Price Indices (OPIs) from January 2014 to December 2024, UK. Summary.

Building construction price indexes (BCPI), percent change, by type of building and construction division. Quarterly data are available from the first quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

Graph and download economic data for Producer Price Index by Industry: Building Material and Supplies Dealers (PCU44414441) from Dec 2003 to Jun 2025 about dealers, materials, supplies, buildings, PPI, industry, inflation, price index, indexes, price, and USA.

In March 2024, Mumbai had the highest construction cost index at ***, while Chennai had the lowest at ***. During the presented period, the construction cost reached its peak in March 2022.

Georgia Construction Cost Index: Prev Qtr=100: Wages data was reported at 79.637 Prev Qtr=100 in Mar 2019. This records a decrease from the previous number of 113.369 Prev Qtr=100 for Dec 2018. Georgia Construction Cost Index: Prev Qtr=100: Wages data is updated quarterly, averaging 99.641 Prev Qtr=100 from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 128.062 Prev Qtr=100 in Jun 2017 and a record low of 78.196 Prev Qtr=100 in Mar 2018. Georgia Construction Cost Index: Prev Qtr=100: Wages data remains active status in CEIC and is reported by National Statistics Office of Georgia. The data is categorized under Global Database’s Georgia – Table GE.EA003: Construction Cost Index.

Georgia Construction Cost Index: Same Qtr Prev Year=100: Wages data was reported at 100.307 Same Qtr PY=100 in Mar 2019. This records an increase from the previous number of 98.492 Same Qtr PY=100 for Dec 2018. Georgia Construction Cost Index: Same Qtr Prev Year=100: Wages data is updated quarterly, averaging 99.400 Same Qtr PY=100 from Dec 2017 (Median) to Mar 2019, with 6 observations. The data reached an all-time high of 120.959 Same Qtr PY=100 in Dec 2017 and a record low of 86.566 Same Qtr PY=100 in Sep 2018. Georgia Construction Cost Index: Same Qtr Prev Year=100: Wages data remains active status in CEIC and is reported by National Statistics Office of Georgia. The data is categorized under Global Database’s Georgia – Table GE.EA003: Construction Cost Index.

Italy - Construction cost index: Input prices for materials was EUR104.80 points in June of 2019, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Construction cost index: Input prices for materials - last updated from the EUROSTAT on August of 2025. Historically, Italy - Construction cost index: Input prices for materials reached a record high of EUR104.80 points in June of 2019 and a record low of EUR70.00 points in March of 1995.

Building construction price indexes (BCPI) by type of building. Quarterly data are available from the second quarter of 1982. The table presents quarter-over-quarter and year-over-year percentage changes for various aggregation levels. The base period for the index is (2017=100).

Between 2022 and 2025, the construction price of residential and non-residential buildings in Canada has grown at the same pace. The price of both types of buildings was roughly ***** percent higher in the last quarter of 2025 than in 2024, which is the year when the index base was set at 100. Nevertheless, that only considers the cost of buildings in 15 selected metropolitan areas in Canada. Toronto was by far the metropolitan region with the highest construction costs in Canada.

What determines construction costs? The growth rate of the construction price of different types of buildings tends to follow similar trends to some extent. For example, price growth rates in Canada for most types of buildings were more moderate in 2024 than in previous years. However, those figures show a lot of disparity, with the cost of building a high rise apartment building growing much faster than that of other types of buildings. This might be because the construction costs depend on elements such as the location, materials, and complexity of the building, which tend to be quite different for each type of building.

Lumber building materials in Canada In 2024, Canada was the world’s second-largest exporter of wood building materials such as veneer sheets, parquet flooring, particleboard, laminated wood, and builders’ joinery and carpentry. Forestry, logging, and processing wood into ready-to-use materials are important industries in the Canadian economy. High price growth rates of building materials impact negatively the construction industry as their activities become more expensive. However, the forestry and logging industry benefited from the cost of lumber rising in 2020 and 2021. In the past years, the price of lumber, however, has fallen again.

Indonesia Wholesale Price Index: Construction Materials (CM) data was reported at 143.260 2010=100 in Jul 2019. This records an increase from the previous number of 143.190 2010=100 for Jun 2019. Indonesia Wholesale Price Index: Construction Materials (CM) data is updated monthly, averaging 129.490 2010=100 from Jan 2013 (Median) to Jul 2019, with 79 observations. The data reached an all-time high of 143.260 2010=100 in Jul 2019 and a record low of 109.380 2010=100 in Jan 2013. Indonesia Wholesale Price Index: Construction Materials (CM) data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.IB007: Wholesale Price Index: by Sector: Construction Materials.

Uruguay Construction Cost Index: Towers 10 Floors w/ Elevator data was reported at 667.900 Dec1999=100 in Mar 2019. This records an increase from the previous number of 665.900 Dec1999=100 for Feb 2019. Uruguay Construction Cost Index: Towers 10 Floors w/ Elevator data is updated monthly, averaging 252.250 Dec1999=100 from Dec 1999 (Median) to Mar 2019, with 232 observations. The data reached an all-time high of 667.900 Dec1999=100 in Mar 2019 and a record low of 100.000 Dec1999=100 in Dec 1999. Uruguay Construction Cost Index: Towers 10 Floors w/ Elevator data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Uruguay – Table UY.EA003: Construction Cost Index.

From 2015 to 2024, the construction output prices of public and private housing increased by ***** percent in the United Kingdom (UK). Meanwhile, the prices of industrial buildings increased by ***** percent during that period, and infrastructure prices by ***** percent. Housing and industrial are the segments that increased the most during that period. Balfour Beatty ranked in the past years as the construction firm with the largest revenue in the UK.

Germany - Construction cost index was EUR120.50 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, Germany - Construction cost index reached a record high of EUR120.50 points in March of 2025 and a record low of EUR62.60 points in March of 2000.

European Union - Construction cost index was EUR117.00 points in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, European Union - Construction cost index reached a record high of EUR117.00 points in December of 2023 and a record low of EUR60.70 points in March of 2000.

This statistic depicts the construction cost relativity index worldwide as of the first quarter of 2019 (Q1 2019), broken down by select city. As of March 2019, the construction cost relativity index in Oslo amounted to 251.

Romania - Construction cost index was RON142.30 points in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Construction cost index - last updated from the EUROSTAT on August of 2025. Historically, Romania - Construction cost index reached a record high of RON142.70 points in June of 2024 and a record low of RON11.30 points in March of 2000.

Uruguay Construction Cost Index: Ground Floor & 3 Floors w/o Elevator data was reported at 673.540 Dec1999=100 in Mar 2019. This records an increase from the previous number of 671.490 Dec1999=100 for Feb 2019. Uruguay Construction Cost Index: Ground Floor & 3 Floors w/o Elevator data is updated monthly, averaging 254.820 Dec1999=100 from Dec 1999 (Median) to Mar 2019, with 232 observations. The data reached an all-time high of 673.540 Dec1999=100 in Mar 2019 and a record low of 100.000 Dec1999=100 in Dec 1999. Uruguay Construction Cost Index: Ground Floor & 3 Floors w/o Elevator data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Uruguay – Table UY.EA003: Construction Cost Index.

This table contains monthly figures on the input price index of new dwellings; input price indices building costs to monitor the costs of new dwellings (labour and materials) in the Netherlands.

An input price index is determined on the basis of price changes of the various cost components making up the product - in this case a new dwelling. Changes in the prices of building equipment (tools and machinery), general costs, profit and risk are not included in the input price index. Other cost components, such as energy and transport, are also not taken into account as their influence on the final cost price is relatively modest. Land costs are also not included in the index.

Data available from: January 2018

Status of the figures: The price index figures for wages and the total construction costs are final until 2024. The figures for building materials are final until January 2025.

Changes as of November 29th, 2024: Since this publication, a switch has been made to a different rounding strategy, whereby the changes are calculated on unrounded index figures and annual figures are calculated from rounded and published figures. With this switch there is more consistency with other statistics on Statline and statistics from Eurostat. As a result, mutations have changed across the entire series.

Changes as of July 30th, 2025: Figures for June 2025 have been added.

When will new figures be published? New figures are published about 30 days after the month under review.