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 five. 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.

The prices of many construction materials in the United Kingdom kept increasing in 2024, but more moderately than in previous years. There were also several building materials whose prices fell that year. One of the most extreme examples was the price of flexible plastic pipes and fittings, which rose by over 14 percent that year. The price of a couple steel products fell by over 10 percent that year. In late 2024, copper-based products were among the building materials with the highest price increases in the U.S.

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.

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

The production price index (PPI) for construction materials and components in the United States decreased slightly in 2024. Up until 2020, construction prices had been rising fairly steadily. However, in the years after that construction producer prices have been very unstable. Production price index A PPI of 342 in 2022, indicates that the real-world price has risen by 242 percent in comparison to the base year - 1982 in this case. Similarly, under the same baseline, the PPI for construction machinery and equipment has also risen steadily until 2018. Like all prices, there are regional differences within the United States. The PPI acts as a measurement for the average changes in prices that domestic producers receive for their output. In the United States, the PPI is one of the oldest continuous statistical datasets published by the government. Common construction materials Some building materials are essential to construction work, and the decision on which to use is important for the life and the endurance of the building. Materials such as cement, steel, and sand are essential to many construction projects. The production of cement is tightly linked to the demand that comes from the construction industry. The durability and potency of steel gives it an advantage over wood and concrete, providing buildings with a higher resistance but a cheaper price tag. Sand is commonly used in buildings, but it is especially common in roads that require stones of various grades and granulation.

United States - Producer Price Index by Industry: Building Material and Supplies Dealers was 223.48200 Index Dec 2003=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Building Material and Supplies Dealers reached a record high of 259.21300 in March of 2022 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Building Material and Supplies Dealers - last updated from the United States Federal Reserve on May of 2025.

This dataset contains the indices of UK hourly Construction Wage Costs (quarterly; not seasonally adjusted; 2000 = 100) and UK Construction Material Prices for New Housing, Other New Work, Repair and Maintenance, and All Work (monthly; 2010 = 100).

Latvia Construction Cost Index: Building Materials data was reported at 131.300 2021=100 in Mar 2025. This records a decrease from the previous number of 131.500 2021=100 for Feb 2025. Latvia Construction Cost Index: Building Materials data is updated monthly, averaging 89.600 2021=100 from Jan 2009 (Median) to Mar 2025, with 195 observations. The data reached an all-time high of 134.400 2021=100 in Jan 2023 and a record low of 84.200 2021=100 in Oct 2016. Latvia Construction Cost Index: 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: 2021=100.

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Ton, Ready-mixed concrete, Cement, Iron, M, Timber, Cabling, M3, Bag(50)kg, Price, Goods, construction, Average Prices of Goods and Services

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This table contains 10 series, with data for years 1981 - 1990 (not all combinations necessarily have data for all years), and was last released on 2007-04-13. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Residential status (2 items: Residential; Non-residential ...), Type of materials (5 items: Total materials; Structural materials; Architectural materials; Mechanical materials ...).

China Purchasing Price Index: Building Material data was reported at 94.300 Prev Year=100 in 2024. This records an increase from the previous number of 94.100 Prev Year=100 for 2023. China Purchasing Price Index: Building Material data is updated yearly, averaging 102.600 Prev Year=100 from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 140.900 Prev Year=100 in 1993 and a record low of 94.100 Prev Year=100 in 2023. China Purchasing Price Index: Building Material data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IE: Purchasing Price Index.

Material costs for new non-residential construction in the United Kingdom grew by almost 67 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.

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 June 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.

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

Graph and download economic data for Producer Price Index by Commodity: Wholesale Trade Services: Building Materials, Paint, and Hardware Wholesaling (WPU573) from Mar 2009 to Apr 2025 about hardware, paints, wholesale, materials, trade, buildings, services, commodities, PPI, inflation, price index, indexes, price, and USA.

European Union - Construction cost index: Input prices for materials was EUR122.10 points in September of 2021, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Construction cost index: Input prices for materials - last updated from the EUROSTAT on June of 2025. Historically, European Union - Construction cost index: Input prices for materials reached a record high of EUR122.10 points in September of 2021 and a record low of EUR72.20 points in March of 2000.

Graph and download economic data for Import Price Index (End Use): Selected Building Materials, Except Metals (IR13) from Jan 2025 to Apr 2025 about end use, materials, imports, buildings, price index, indexes, price, and USA.

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).

Serbia Average Retail Price: Building Materials: Tile data was reported at 53.440 RSD/Unit in 2017. This records an increase from the previous number of 52.710 RSD/Unit for 2016. Serbia Average Retail Price: Building Materials: Tile data is updated yearly, averaging 37.990 RSD/Unit from Dec 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 53.440 RSD/Unit in 2017 and a record low of 23.650 RSD/Unit in 2003. Serbia Average Retail Price: Building Materials: Tile data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.P001: Average Retail Prices.

Construction Materials Market Outlook 2032

The global construction materials market size was USD 1,320.01 Billion in 2023 and is projected to reach USD 1,867.16 Billion by 2032, expanding at a CAGR of 3.9% during 2024–2032. The market growth is attributed to the increasing urbanization and industrialization across the globe.



Growing urbanization and industrialization are expected to boost the market during the assessment years. Cities expand and industries grow and the demand for construction materials increases significantly. This is due to the need for infrastructure development, including residential, commercial, and industrial buildings. Furthermore, industrialization leads to technological advancements in construction materials, enhancing their quality, durability, and sustainability.

Impact of Artificial Intelligence (AI) in Construction Materials Market

Artificial Intelligence (AI) significantly impacts the construction materials market by enhancing efficiency, reducing costs, and improving safety measures. AI-powered tools and software enable the industry to optimize the use of construction materials, thereby minimizing waste and reducing environmental impact.



AI algorithms accurately predict the quantity of materials required for a project, eliminating the guesswork and reducing over-ordering. AI contributes to cost reduction by automating routine tasks, such as inventory management and quality control, which traditionally require human intervention. This automation saves time and reduces the risk of human error.



In terms of safety, AI technologies, such as machine learning and computer vision, help identify potential hazards at construction sites, thereby preventing accidents and ensuring the well-being of workers. Therefore, the integration of AI in the market offers substantial benefits, transforming the way the industry operates and paving the way for sustainable and efficient construction practices.

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