From 2015 to the first quarter of 2024, the construction output prices of public and private housing increased by 46 percent in the United Kingdom (UK). Meanwhile, the prices of industrial buildings increased by 41 percent, and infrastructure prices by 37 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.

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).

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in early 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.

The index relates to costs ruling on the first day of each month. NATIONAL HOUSE CONSTRUCTION COST INDEX; Up until October 2006 it was known as the National House Building Index Oct 2000 data; The index since October, 2000, includes the first phase of an agreement following a review of rates of pay and grading structures for the Construction Industry and the first phase increase under the PPF. April, May and June 2001; Figures revised in July 2001due to 2% PPF Revised Terms. March 2002; The drop in the March 2002 figure is due to a decrease in the rate of PRSI from 12% to 10¾% with effect from 1 March 2002. The index from April 2002 excludes the one-off lump sum payment equal to 1% of basic pay on 1 April 2002 under the PPF. April, May, June 2003; Figures revised in August'03 due to the backdated increase of 3% from 1April 2003 under the National Partnership Agreement 'Sustaining Progress'. The increases in April and October 2006 index are due to Social Partnership Agreement "Towards 2016". March 2011; The drop in the March 2011 figure is due to a 7.5% decrease in labour costs. Methodology in producing the Index Prior to October 2006: The index relates solely to labour and material costs which should normally not exceed 65% of the total price of a house. It does not include items such as overheads, profit, interest charges, land development etc. The House Building Cost Index monitors labour costs in the construction industry and the cost of building materials. It does not include items such as overheads, profit, interest charges or land development. The labour costs include insurance cover and the building material costs include V.A.T. Coverage: The type of construction covered is a typical 3 bed-roomed, 2 level local authority house and the index is applied on a national basis. Data Collection: The labour costs are based on agreed labour rates, allowances etc. The building material prices are collected at the beginning of each month from the same suppliers for the same representative basket. Calculation: Labour and material costs for the construction of a typical 3 bed-roomed house are weighted together to produce the index. Post October 2006: The name change from the House Building Cost Index to the House Construction Cost Index was introduced in October 2006 when the method of assessing the materials sub-index was changed from pricing a basket of materials (representative of a typical 2 storey 3 bedroomed local authority house) to the CSO Table 3 Wholesale Price Index. The new Index does maintains continuity with the old HBCI. The most current data is published on these sheets. Previously published data may be subject to revision. Any change from the originally published data will be highlighted by a comment on the cell in question. These comments will be maintained for at least a year after the date of the value change. Oct 2008 data; Decrease due to a fall in the Oct Wholesale Price Index.

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).

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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 10 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 53 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 58 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 three percentage points, indicating that labor costs have increased at a faster rate than the overall revenue of the industry.

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.

Brazil National Construction Cost Index: INCC-M data was reported at 1,074.292 Aug1994=100 in Jun 2023. This records an increase from the previous number of 1,065.289 Aug1994=100 for May 2023. Brazil National Construction Cost Index: INCC-M data is updated monthly, averaging 405.212 Aug1994=100 from Jun 1989 (Median) to Jun 2023, with 353 observations. The data reached an all-time high of 1,074.292 Aug1994=100 in Jun 2023 and a record low of 0.000 Aug1994=100 in Jun 1989. Brazil National Construction Cost Index: INCC-M data remains active status in CEIC and is reported by Getulio Vargas Foundation. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EA001: National Construction Cost Index.

France Construction Cost Index (CCI) data was reported at 1,699.000 4Q1953=100 in Jun 2018. This records an increase from the previous number of 1,671.000 4Q1953=100 for Mar 2018. France Construction Cost Index (CCI) data is updated quarterly, averaging 855.000 4Q1953=100 from Dec 1953 (Median) to Jun 2018, with 259 observations. The data reached an all-time high of 1,699.000 4Q1953=100 in Jun 2018 and a record low of 98.000 4Q1953=100 in Dec 1954. France Construction Cost Index (CCI) data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.EA012: Construction Cost and Dwelling Rents.

Italy - Construction cost index was EUR114.10 points in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Construction cost index - last updated from the EUROSTAT on June of 2025. Historically, Italy - Construction cost index reached a record high of EUR114.70 points in December of 2022 and a record low of EUR47.70 points in March of 1990.

Netherlands - Construction cost index was EUR121.60 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - Construction cost index - last updated from the EUROSTAT on May of 2025. Historically, Netherlands - Construction cost index reached a record high of EUR121.60 points in March of 2025 and a record low of EUR62.90 points in March of 2000.

Construction Cost Index: Lake Geneva: Buildings: New Construction data was reported at 115.000 Oct2020=100 in Oct 2024. This records an increase from the previous number of 114.300 Oct2020=100 for Apr 2024. Construction Cost Index: Lake Geneva: Buildings: New Construction data is updated semiannually, averaging 99.400 Oct2020=100 from Oct 1998 (Median) to Oct 2024, with 53 observations. The data reached an all-time high of 115.000 Oct2020=100 in Oct 2024 and a record low of 75.400 Oct2020=100 in Oct 1998. Construction Cost Index: Lake Geneva: Buildings: New Construction data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.EA011: Construction Cost Index: October 2020 =100.

Graph and download economic data for Producer Price Index by Industry: New Office Building Construction (PCU236223236223) from Jun 2006 to May 2025 about buildings, construction, new, PPI, industry, inflation, price index, indexes, price, and USA.

Construction Cost Index: Lake Geneva: Buildings: Residential: Individual Dwelling Construction data was reported at 113.000 Oct2020=100 in Oct 2024. This records an increase from the previous number of 112.300 Oct2020=100 for Apr 2024. Construction Cost Index: Lake Geneva: Buildings: Residential: Individual Dwelling Construction data is updated semiannually, averaging 100.700 Oct2020=100 from Oct 2010 (Median) to Oct 2024, with 29 observations. The data reached an all-time high of 113.000 Oct2020=100 in Oct 2024 and a record low of 98.700 Oct2020=100 in Oct 2010. Construction Cost Index: Lake Geneva: Buildings: Residential: Individual Dwelling Construction data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.EA011: Construction Cost Index: October 2020 =100.

Portugal - Construction cost index was EUR123.40 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Construction cost index - last updated from the EUROSTAT on June of 2025. Historically, Portugal - Construction cost index reached a record high of EUR123.40 points in March of 2025 and a record low of EUR63.90 points in March of 2001.

Infrastructure construction price index (ICPI). Annual data are available from 2010. The table presents data for the most recent reference period and the last four periods. The base period for the index is (2010=100).

Construction Cost Index: Ticino: CE: Noise Barriers data was reported at 113.300 Oct2020=100 in Oct 2024. This records an increase from the previous number of 111.600 Oct2020=100 for Apr 2024. Construction Cost Index: Ticino: CE: Noise Barriers data is updated semiannually, averaging 97.300 Oct2020=100 from Oct 2010 (Median) to Oct 2024, with 29 observations. The data reached an all-time high of 113.300 Oct2020=100 in Oct 2024 and a record low of 91.500 Oct2020=100 in Apr 2011. Construction Cost Index: Ticino: CE: Noise Barriers data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.EA011: Construction Cost Index: October 2020 =100.

In the fiscal year 2023, the Japanese construction cost deflator for buildings stood at 123.7 index points, increasing from 121.2 points in the previous year. The construction cost deflator is a weighted index estimating the inflation-adjusted price development of construction in Japan, considering expenditures for materials, labor, and investment. What are features of the construction cost deflator? Since 1951, the government has been compiling a deflator for construction costs. It helps, for example, to determine contract prices for public works like roads. Today’s version includes various sub-indices, such as the one for buildings; they may be residential or non-residential, and their structural frames may be either wood, steel, or reinforced concrete. While the deflator considers all of Japan, other price indices give more detailed insight into specific buildings, materials, and regions. Rising energy-prices have spilled over to materials Japan has not been spared by recently inflating energy prices. Accordingly, the domestic construction industry is monitoring the monthly construction material price index. Unlike the deflator, it also provides regional-specific data, showing that although inflation impacted all materials throughout the country, some materials and places were more affected than others. In Tokyo, cement prices have increased by over 42 points since fiscal year 2021 – in Osaka, by around 50.