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.

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).

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

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.

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.

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).

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.

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

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.

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 July 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.

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 July 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 EUR121.20 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 July of 2025. Historically, Netherlands - Construction cost index reached a record high of EUR121.20 points in March of 2025 and a record low of EUR62.90 points in March of 2000.

In 2021, the inflation rate of the cost of steel products in Australia was **** percent. This was the highest inflation rate of all construction materials in the country. On the other hand, construction materials like timber and metal products saw a inflation of **** percent and **** percent, respectively.

Spain - Construction cost index was EUR119.30 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - Construction cost index - last updated from the EUROSTAT on July of 2025. Historically, Spain - Construction cost index reached a record high of EUR119.30 points in March of 2025 and a record low of EUR19.10 points in March of 1980.

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 July 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.

Graph and download economic data for Producer Price Index by Industry: New School Building Construction (PCU236222236222) from Dec 2005 to May 2025 about schools, buildings, construction, new, PPI, industry, inflation, price index, indexes, price, and USA.

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.

In 2024, clay and ceramic products and refractories were the construction materials with the highest price increase in Canada. The average price of that product was over ***** percent higher in 2024 than in the previous year. Meanwhile, the price of Asphalt, architectural metal, and a some other products decreased in 2024.

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.

Construction Cost Index: Urban Infrastructure: Delhi data was reported at 143.260 Oct2007=100 in Jul 2021. This records an increase from the previous number of 143.240 Oct2007=100 for Jun 2021. Construction Cost Index: Urban Infrastructure: Delhi data is updated monthly, averaging 141.015 Oct2007=100 from Oct 2007 (Median) to Jul 2021, with 166 observations. The data reached an all-time high of 143.260 Oct2007=100 in Jul 2021 and a record low of 100.000 Oct2007=100 in Oct 2007. Construction Cost Index: Urban Infrastructure: Delhi data remains active status in CEIC and is reported by Construction Industry Development Council. The data is categorized under Global Database’s India – Table IN.EB020: Construction Cost Index: Construction Industry Development Council: Delhi.