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).

Georgia Construction Cost Index: Prev Qtr=100: Others data was reported at 102.361 Prev Qtr=100 in Mar 2019. This records an increase from the previous number of 101.305 Prev Qtr=100 for Dec 2018. Georgia Construction Cost Index: Prev Qtr=100: Others data is updated quarterly, averaging 101.305 Prev Qtr=100 from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 104.863 Prev Qtr=100 in Mar 2017 and a record low of 99.197 Prev Qtr=100 in Sep 2017. Georgia Construction Cost Index: Prev Qtr=100: Others 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.

Building construction price indexes (BCPI) by type of building and construction division. Quarterly data are available from the first quarter of 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2017=100).

House Building Costs Index: Labor and Material data was reported at 211.400 Jan1991=100 in Aug 2017. This stayed constant from the previous number of 211.400 Jan1991=100 for Jul 2017. House Building Costs Index: Labor and Material data is updated monthly, averaging 115.900 Jan1991=100 from Jan 1975 (Median) to Aug 2017, with 512 observations. The data reached an all-time high of 211.400 Jan1991=100 in Aug 2017 and a record low of 18.300 Jan1991=100 in Jan 1975. House Building Costs Index: Labor and Material data remains active status in CEIC and is reported by Department of Housing, Local Government and Heritage. The data is categorized under Global Database’s Ireland – Table IE.EA006: House Building Cost Index (Discontinued).

Turkey Construction Cost Index: MT: RO: General Construction (GC) data was reported at 293.935 2005=100 in Dec 2017. This records an increase from the previous number of 271.689 2005=100 for Sep 2017. Turkey Construction Cost Index: MT: RO: General Construction (GC) data is updated quarterly, averaging 163.144 2005=100 from Mar 2005 (Median) to Dec 2017, with 52 observations. The data reached an all-time high of 293.935 2005=100 in Dec 2017 and a record low of 98.790 2005=100 in Jun 2005. Turkey Construction Cost Index: MT: RO: General Construction (GC) data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.EA023: Building Construction Cost Index: 2005=100.

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.

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.

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

Material costs for new non-residential construction in the United Kingdom grew by almost ** percent between 2015 and June 2022. The annual average prices of construction materials used for repairs, new housing, and other new construction work increased at a similar pace during that period. By June 2022, the aggregate prices of materials soared for all types of construction work.

Latvia Construction Cost Index: Quarterly: Building Materials data was reported at 97.800 2010=100 in Dec 2017. This records an increase from the previous number of 97.300 2010=100 for Sep 2017. Latvia Construction Cost Index: Quarterly: Building Materials data is updated quarterly, averaging 100.200 2010=100 from Mar 2005 (Median) to Dec 2017, with 52 observations. The data reached an all-time high of 113.300 2010=100 in Sep 2008 and a record low of 84.900 2010=100 in Mar 2005. Latvia Construction Cost Index: Quarterly: Building Materials data remains active status in CEIC and is reported by Central Statistical Bureau of Latvia. The data is categorized under Global Database’s Latvia – Table LV.EA010: Construction Cost Index: 2010=100: Quarterly. Rebased from 2010=100 to 2015=100 Replacement series ID: 401474897

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).

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.

In the fiscal year 2024, the price index for construction and civil engineering materials in Japan stood at ***** index points. The index rose by *** index points compared to the previous fiscal year.

Construction Cost Index: MT: CA: Installation: Heating data was reported at 272.854 2005=100 in Dec 2017. This records an increase from the previous number of 254.378 2005=100 for Sep 2017. Construction Cost Index: MT: CA: Installation: Heating data is updated quarterly, averaging 143.275 2005=100 from Mar 2005 (Median) to Dec 2017, with 52 observations. The data reached an all-time high of 272.854 2005=100 in Dec 2017 and a record low of 98.240 2005=100 in Jun 2005. Construction Cost Index: MT: CA: Installation: Heating data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.EA023: Building Construction Cost Index: 2005=100.

Turkey Construction Cost Index: MT: RB: GC: Main data was reported at 255.456 2005=100 in Dec 2017. This records an increase from the previous number of 244.689 2005=100 for Sep 2017. Turkey Construction Cost Index: MT: RB: GC: Main data is updated quarterly, averaging 148.379 2005=100 from Mar 2005 (Median) to Dec 2017, with 52 observations. The data reached an all-time high of 255.456 2005=100 in Dec 2017 and a record low of 96.700 2005=100 in Mar 2005. Turkey Construction Cost Index: MT: RB: GC: Main data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.EA023: Building Construction Cost Index: 2005=100.

Construction Cost Index: Residential Buildings & Other Usage data was reported at 293.680 2005=100 in Dec 2017. This records an increase from the previous number of 275.773 2005=100 for Sep 2017. Construction Cost Index: Residential Buildings & Other Usage data is updated quarterly, averaging 163.828 2005=100 from Mar 2005 (Median) to Dec 2017, with 52 observations. The data reached an all-time high of 293.680 2005=100 in Dec 2017 and a record low of 98.440 2005=100 in Mar 2005. Construction Cost Index: Residential Buildings & Other Usage data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.EA023: Building Construction Cost Index: 2005=100.

Turkey Construction Cost Index: MT: AH: Installation: Common data was reported at 289.647 2005=100 in Dec 2017. This records an increase from the previous number of 270.367 2005=100 for Sep 2017. Turkey Construction Cost Index: MT: AH: Installation: Common data is updated quarterly, averaging 150.425 2005=100 from Mar 2005 (Median) to Dec 2017, with 52 observations. The data reached an all-time high of 289.647 2005=100 in Dec 2017 and a record low of 97.100 2005=100 in Dec 2005. Turkey Construction Cost Index: MT: AH: Installation: Common data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.EA023: Building Construction Cost Index: 2005=100.

In the fiscal year 2024, the average price index for asphalt materials for construction in Tokyo in Japan stood at ***** index points. The price index for bituminous materials increased from ***** points in the previous year.

The output price index of newly built dwellings, 2010=100, shows cost developments of residential buildings. These series is based on all types of dwellings. Building costs are the costs paid to the building contractor, and thus include general costs, profit and risk, but exclude the costs of building land and project developers and brokers. The data are received from the municipal administrations (the number of building licences granted). Data available from: 1st quarter 2008 - 4th quarter 2017 Status of the figures: The figures up to and including 2016 are definite. The figures about 2017 are preliminary. Since this table has been discontinued, the data will not be made definit. Changes as of June 22th 2018: None, this table is discontinued. When will new figures become available? No longer applicable. This table is succeeded by New dwellings; output price indices building costs, 2015=100. See section 3.