80 datasets found
  1. Price change on annual basis of 32 different building materials in the U.S....

    • statista.com
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    Statista, Price change on annual basis of 32 different building materials in the U.S. 2014-2025 [Dataset]. https://www.statista.com/statistics/1046602/inflation-construction-materials-us/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Mar 2014 - Mar 2025
    Area covered
    United States
    Description

    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.

  2. Annual growth construction cost in the UK 2015-2024

    • statista.com
    • ai-chatbox.pro
    Updated Jan 16, 2025
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    Statista (2025). Annual growth construction cost in the UK 2015-2024 [Dataset]. https://www.statista.com/statistics/1308264/construction-output-price-index-uk/
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    Dataset updated
    Jan 16, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2015 - Sep 2024
    Area covered
    United Kingdom
    Description

    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.

  3. Construction output price indices

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Feb 13, 2025
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    Office for National Statistics (2025). Construction output price indices [Dataset]. https://www.ons.gov.uk/businessindustryandtrade/constructionindustry/datasets/interimconstructionoutputpriceindices
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    xlsxAvailable download formats
    Dataset updated
    Feb 13, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

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

  4. G

    Building construction price indexes, by type of building and division,...

    • ouvert.canada.ca
    • www150.statcan.gc.ca
    • +1more
    csv, html, xml
    Updated Nov 5, 2024
    + more versions
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    Statistics Canada (2024). Building construction price indexes, by type of building and division, inactive [Dataset]. https://ouvert.canada.ca/data/dataset/4e857c0c-2309-438d-ad29-80b55d9c48f7
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    csv, xml, htmlAvailable download formats
    Dataset updated
    Nov 5, 2024
    Dataset provided by
    Statistics Canada
    License

    Open Government Licence - Canada 2.0https://open.canada.ca/en/open-government-licence-canada
    License information was derived automatically

    Description

    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).

  5. Construction cost index in the UK 2014-2024, by type

    • statista.com
    Updated Jun 17, 2024
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    Statista (2024). Construction cost index in the UK 2014-2024, by type [Dataset]. https://www.statista.com/statistics/1292727/construction-output-prices-index-in-the-uk-by-type/
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    Dataset updated
    Jun 17, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    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.

  6. F

    Producer Price Index by Commodity: Construction (Partial): New Office...

    • fred.stlouisfed.org
    json
    Updated Jun 12, 2025
    + more versions
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    (2025). Producer Price Index by Commodity: Construction (Partial): New Office Building Construction [Dataset]. https://fred.stlouisfed.org/series/WPU80110301
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    jsonAvailable download formats
    Dataset updated
    Jun 12, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Producer Price Index by Commodity: Construction (Partial): New Office Building Construction (WPU80110301) from Jun 2006 to May 2025 about buildings, construction, new, commodities, PPI, inflation, price index, indexes, price, and USA.

  7. F

    Producer Price Index by Industry: Building Material and Supplies Dealers

    • fred.stlouisfed.org
    json
    Updated Jun 12, 2025
    + more versions
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    (2025). Producer Price Index by Industry: Building Material and Supplies Dealers [Dataset]. https://fred.stlouisfed.org/series/PCU44414441
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    jsonAvailable download formats
    Dataset updated
    Jun 12, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

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

  8. T

    Germany - Construction cost index

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 3, 2021
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    TRADING ECONOMICS (2021). Germany - Construction cost index [Dataset]. https://tradingeconomics.com/germany/construction-cost-idx-eurostat-data.html
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    xml, excel, json, csvAvailable download formats
    Dataset updated
    May 3, 2021
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    Germany
    Description

    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 June 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.

  9. F

    Producer Price Index by Commodity: Special Indexes: Construction Materials

    • fred.stlouisfed.org
    json
    Updated Jun 12, 2025
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    (2025). Producer Price Index by Commodity: Special Indexes: Construction Materials [Dataset]. https://fred.stlouisfed.org/series/WPUSI012011
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    jsonAvailable download formats
    Dataset updated
    Jun 12, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Producer Price Index by Commodity: Special Indexes: Construction Materials (WPUSI012011) from Jan 1947 to May 2025 about materials, construction, commodities, PPI, inflation, price index, indexes, price, and USA.

  10. T

    Netherlands - Construction cost index

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 20, 2021
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    TRADING ECONOMICS (2021). Netherlands - Construction cost index [Dataset]. https://tradingeconomics.com/netherlands/construction-cost-idx-eurostat-data.html
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    json, xml, excel, csvAvailable download formats
    Dataset updated
    Jun 20, 2021
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    Netherlands
    Description

    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.

  11. Construction cost index in India 2019-2024, by city

    • statista.com
    Updated May 23, 2025
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    Statista (2025). Construction cost index in India 2019-2024, by city [Dataset]. https://www.statista.com/statistics/1368035/india-construction-cost-index-by-city/
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    Dataset updated
    May 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Dec 2019 - Mar 2024
    Area covered
    India
    Description

    In March 2024, Mumbai had the highest construction cost index at 129, while Chennai had the lowest at 124. During the presented period, the construction cost reached its peak in March 2022.

  12. Building construction price indexes, percentage change, quarterly, inactive

    • www150.statcan.gc.ca
    Updated Nov 1, 2022
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    Government of Canada, Statistics Canada (2022). Building construction price indexes, percentage change, quarterly, inactive [Dataset]. http://doi.org/10.25318/1810013501-eng
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    Dataset updated
    Nov 1, 2022
    Dataset provided by
    Statistics Canadahttps://statcan.gc.ca/en
    Area covered
    Canada
    Description

    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).

  13. T

    Italy - Construction cost index

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Aug 6, 2021
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    TRADING ECONOMICS (2021). Italy - Construction cost index [Dataset]. https://tradingeconomics.com/italy/construction-cost-idx-eurostat-data.html
    Explore at:
    json, csv, xml, excelAvailable download formats
    Dataset updated
    Aug 6, 2021
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    Italy
    Description

    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.

  14. Monthly price index for construction materials in Japan 2023-2025

    • statista.com
    • ai-chatbox.pro
    Updated Jun 4, 2025
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    Statista (2025). Monthly price index for construction materials in Japan 2023-2025 [Dataset]. https://www.statista.com/statistics/1273074/japan-monthly-price-index-construction-materials/
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    Dataset updated
    Jun 4, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Sep 2023 - May 2025
    Area covered
    Japan
    Description

    As of May 2025, the monthly price index for construction materials in Japan stood at ***** points. This represented an increase of *** index points compared to the previous month.

  15. F

    Producer Price Index by Commodity: Construction (Partial): New Industrial...

    • fred.stlouisfed.org
    json
    Updated Jun 12, 2025
    + more versions
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    (2025). Producer Price Index by Commodity: Construction (Partial): New Industrial Building Construction [Dataset]. https://fred.stlouisfed.org/series/WPU801104
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jun 12, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Producer Price Index by Commodity: Construction (Partial): New Industrial Building Construction (WPU801104) from Jun 2007 to May 2025 about buildings, construction, new, commodities, PPI, industry, inflation, price index, indexes, price, and USA.

  16. US Residential Construction Market Analysis, Size, and Forecast 2025-2029

    • technavio.com
    Updated Jan 15, 2025
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    Technavio (2025). US Residential Construction Market Analysis, Size, and Forecast 2025-2029 [Dataset]. https://www.technavio.com/report/residential-construction-market-industry-analysis
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    Dataset updated
    Jan 15, 2025
    Dataset provided by
    TechNavio
    Authors
    Technavio
    Time period covered
    2021 - 2025
    Area covered
    United States
    Description

    Snapshot img

    US Residential Construction Market Size 2025-2029

    The US residential construction market size is forecast to increase by USD 242.9 million at a CAGR of 4.5% between 2024 and 2029.

    The Residential Construction Market in the US is experiencing significant growth driven by increasing household formation rates and a rising focus on sustainability in new projects. According to the latest data, household formation is projected to continue growing at a steady pace, fueling the demand for new residential units. This trend is particularly evident in urban areas, where population growth and limited space for new development are driving up demand. Meanwhile, the emphasis on sustainability in residential construction is transforming the market landscape. With consumers increasingly prioritizing energy efficiency and eco-friendly features in their homes, builders and developers are responding by incorporating green technologies and sustainable materials into their projects.
    This shift not only appeals to environmentally-conscious consumers but also offers long-term cost savings and regulatory compliance benefits. However, the market is not without challenges. Skilled labor shortages continue to pose a significant hurdle for large-scale residential real estate projects. The ongoing shortage of skilled laborers, including carpenters, electricians, and plumbers, is driving up labor costs and delaying project timelines. To mitigate this challenge, some builders are exploring alternative solutions, such as modular construction and automation, to streamline their operations and reduce their reliance on traditional labor sources. The Residential Construction Market in the US presents significant opportunities for companies seeking to capitalize on the growing demand for new housing units and the shift towards sustainability.
    However, navigating the challenges of labor shortages and rising costs will require innovative solutions and strategic planning. By staying informed of market trends and adapting to evolving consumer preferences, companies can effectively position themselves for success in this dynamic market.
    

    What will be the size of the US Residential Construction Market during the forecast period?

    Request Free Sample

    The residential construction market in the United States continues to exhibit dynamic activity, driven by various economic factors. Housing supply remains a key focus, with ongoing discussions surrounding the affordable housing trend and efforts to increase inventory, particularly for single-family homes and new constructions. Mortgage and federal funds rates have an impact on residential investment, with fluctuations influencing buyer decisions and construction costs. The labor market plays a crucial role, as workforce availability and wages affect both housing starts and cancellation rates. Inflation and interest rates, monitored closely by the Federal Reserve, also shape the market's direction. Recession risks and economic conditions influence construction spending across various sectors, including multifamily and single-family homes.
    Federal programs, such as housing choice vouchers and fair housing initiatives, continue to support home buyers and promote equitable housing opportunities. Building permits and housing starts serve as essential indicators of market health and future growth, with some sectors experiencing double-digit growth. Overall, the residential construction market in the US remains a significant economic driver, shaped by a complex interplay of economic, demographic, and policy factors.
    

    How is this market segmented?

    The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

    Product
    
      Apartments and condominiums
      Luxury Homes
      Other types
    
    
    Type
    
      New construction
      Renovation
    
    
    Application
    
      Single family
      Multi-family
    
    
    Construction Material
    
      Wood-framed
      Concrete
      Steel
      Modular/Prefabricated
    
    
    Geography
    
      US
    

    By Product Insights

    The apartments and condominiums segment is estimated to witness significant growth during the forecast period.

    The residential construction market in the US is experiencing growth in both the apartment and condominium sectors, driven by the increasing trend toward urbanization and changing lifestyle preferences. Apartments, typically owned by property management companies, and condominiums, with individually owned units within a larger complex, contribute significantly to the market. The Federal Reserve's influence on the economy through the federal funds rate and mortgage rates impacts borrowing rates and home construction activity. The affordability of housing, particularly for younger generations, is a concern due to factors such as inflation, labor market conditions, and savings

  17. F

    Producer Price Index by Commodity: Construction (Partial): New...

    • fred.stlouisfed.org
    json
    Updated Jun 12, 2025
    + more versions
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    (2025). Producer Price Index by Commodity: Construction (Partial): New Nonresidential Building Construction [Dataset]. https://fred.stlouisfed.org/series/WPU8011
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jun 12, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Producer Price Index by Commodity: Construction (Partial): New Nonresidential Building Construction (WPU8011) from Jun 2009 to May 2025 about nonresidential, buildings, construction, new, commodities, PPI, inflation, price index, indexes, price, and USA.

  18. Monthly construction price expectations index in the EU 2007-2025

    • statista.com
    • ai-chatbox.pro
    Updated Jun 4, 2025
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    Statista (2025). Monthly construction price expectations index in the EU 2007-2025 [Dataset]. https://www.statista.com/statistics/1332923/price-expectations-in-the-construction-sector-eu/
    Explore at:
    Dataset updated
    Jun 4, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2007 - May 2025
    Area covered
    Europe, European Union
    Description

    The price expectations in the construction sector of the European Union started increasing slightly in the second half of 2024. That price growth, however, seems to be more moderate than previous price hikes. That happened after price growth expectations fell from its peak in 2022. In May 2025, the index reached a value of 3.1, which indicates that there were slightly more respondents expecting the price to keep rising than the ones expecting it to fall.

  19. National House Construction Cost Index - Dataset - data.gov.ie

    • data.gov.ie
    Updated Dec 9, 2016
    + more versions
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    data.gov.ie (2016). National House Construction Cost Index - Dataset - data.gov.ie [Dataset]. https://data.gov.ie/dataset/national-house-construction-cost-index
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    Dataset updated
    Dec 9, 2016
    Dataset provided by
    data.gov.ie
    License

    Attribution-ShareAlike 4.0 (CC BY-SA 4.0)https://creativecommons.org/licenses/by-sa/4.0/
    License information was derived automatically

    Description

    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.

  20. Indonesia Wholesale Price Index: Construction Materials: Commodities: Bricks...

    • ceicdata.com
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    CEICdata.com, Indonesia Wholesale Price Index: Construction Materials: Commodities: Bricks [Dataset]. https://www.ceicdata.com/en/indonesia/wholesale-price-index-by-sector-construction-materials/wholesale-price-index-construction-materials-commodities-bricks
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    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2024 - Feb 1, 2025
    Area covered
    Indonesia
    Variables measured
    Domestic Trade Price
    Description

    Indonesia Wholesale Price Index: Construction Materials: Commodities: Bricks data was reported at 99.940 2023=100 in Apr 2025. This records an increase from the previous number of 99.840 2023=100 for Mar 2025. Indonesia Wholesale Price Index: Construction Materials: Commodities: Bricks data is updated monthly, averaging 99.890 2023=100 from Feb 2024 (Median) to Apr 2025, with 8 observations. The data reached an all-time high of 100.270 2023=100 in Mar 2024 and a record low of 98.910 2023=100 in Feb 2025. Indonesia Wholesale Price Index: Construction Materials: Commodities: Bricks data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB007: Wholesale Price Index: by Sector: Construction Materials.

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Statista, Price change on annual basis of 32 different building materials in the U.S. 2014-2025 [Dataset]. https://www.statista.com/statistics/1046602/inflation-construction-materials-us/
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Price change on annual basis of 32 different building materials in the U.S. 2014-2025

Explore at:
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Mar 2014 - Mar 2025
Area covered
United States
Description

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.

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