Building materials made of copper had some of the highest price growth rates in the U.S. in December 2024 in comparison to the previous year. The growth rate of the cost of many construction materials was much lower than in 2023. 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 the inflation trends in the U.S. at that time, the price growth rate of construction materials in the UK were generally lower 2023 than in 2022. Nevertheless, the cost of some construction materials in the UK still soared that year, with several of those items reaching price growth rates of over 10 or even of over 14 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.

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.

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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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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.

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).

Construction Material Prices

The construction market intelligence (CMI) unit publication, ‘Monthly statistics of building materials and components’, presents the latest detailed information on selected building materials and contains monthly data on price indices, bricks, cement and concrete blocks. It also contains quarterly data on sand and gravel, slate, concrete roofing tiles, ready-mixed concrete and imports and exports of construction products.

Data are derived from a Department for Business, Innovation & Skills monthly Building Materials and Components statistical release.

Construction Wage Costs

The Index of Labour Costs per Hour (ILCH) is a measure of the cost of having an employee for an hour of work. It represents the total cost of employing an individual, which is primarily the earnings of the employee, but also includes non-wage costs. It is also known as the Labour Cost Index (LCI); the index is produced by all member countries of the EU and collated by Eurostat.

Data are derived from ONS data releases found here.

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.

Romania - Construction cost index: Input prices for materials was RON109.70 points in December of 2020, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Construction cost index: Input prices for materials - last updated from the EUROSTAT on March of 2025. Historically, Romania - Construction cost index: Input prices for materials reached a record high of RON130.70 points in June of 2012 and a record low of RON19.20 points in March of 2000.

This statistic displays the prices for construction materials in the United States as of February 2018, broken down by type. The average price for Portland cement amounted to about 113.58 U.S. dollars per metric ton.

Austria Construction Cost Index: Road Construction: Materials data was reported at 202.900 2005=100 in Feb 2025. This records a decrease from the previous number of 203.100 2005=100 for Jan 2025. Austria Construction Cost Index: Road Construction: Materials data is updated monthly, averaging 141.350 2005=100 from Jan 2005 (Median) to Feb 2025, with 242 observations. The data reached an all-time high of 208.600 2005=100 in Sep 2022 and a record low of 95.000 2005=100 in Jan 2005. Austria Construction Cost Index: Road Construction: Materials data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.EA005: Construction Cost Index: 2005=100.

Indonesia Wholesale Price Index: Construction Materials (CM) data was reported at 143.260 2010=100 in Jul 2019. This records an increase from the previous number of 143.190 2010=100 for Jun 2019. Indonesia Wholesale Price Index: Construction Materials (CM) data is updated monthly, averaging 129.490 2010=100 from Jan 2013 (Median) to Jul 2019, with 79 observations. The data reached an all-time high of 143.260 2010=100 in Jul 2019 and a record low of 109.380 2010=100 in Jan 2013. Indonesia Wholesale Price Index: Construction Materials (CM) data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.IB007: Wholesale Price Index: by Sector: Construction Materials.

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 ...).

The material costs in building construction in Brazil in January 2024 amounted to over 925 Brazilian reals per square meter. That was slightly lower than in the previous year. Materials represented over 46 percent of the building construction costs in the country in 2023, ranking behind personnel costs.

Indonesia Wholesale Price Index: Construction Materials: Commodities: Concrete Brick data was reported at 100.240 2018=100 in Apr 2020. This stayed constant from the previous number of 100.240 2018=100 for Mar 2020. Indonesia Wholesale Price Index: Construction Materials: Commodities: Concrete Brick data is updated monthly, averaging 100.240 2018=100 from Dec 2019 (Median) to Apr 2020, with 5 observations. The data reached an all-time high of 101.290 2018=100 in Feb 2020 and a record low of 99.350 2018=100 in Dec 2019. Indonesia Wholesale Price Index: Construction Materials: Commodities: Concrete Brick data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB007: Wholesale Price Index: by Sector: Construction Materials.

Brazil Construction Industry: Cost of Real Estate Development: Building Materials: 250 to 499 Persons: Total Construction of Buildings data was reported at 4,864.000 BRL th in 2017. This records a decrease from the previous number of 26,918.000 BRL th for 2016. Brazil Construction Industry: Cost of Real Estate Development: Building Materials: 250 to 499 Persons: Total Construction of Buildings data is updated yearly, averaging 123,384.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 483,403.000 BRL th in 2012 and a record low of 4,864.000 BRL th in 2017. Brazil Construction Industry: Cost of Real Estate Development: Building Materials: 250 to 499 Persons: Total Construction of Buildings data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EH018: Construction Industry: CNAE 2.0: Cost of Real Estate Development: Building Materials: by Activity.

Brazil Construction Materials: Price: Transparent Flat Glass 4 mm data was reported at 81.988 BRL/sq m in May 2019. This records an increase from the previous number of 81.978 BRL/sq m for Apr 2019. Brazil Construction Materials: Price: Transparent Flat Glass 4 mm data is updated monthly, averaging 63.805 BRL/sq m from Feb 2007 (Median) to May 2019, with 148 observations. The data reached an all-time high of 82.700 BRL/sq m in Feb 2019 and a record low of 43.913 BRL/sq m in Aug 2007. Brazil Construction Materials: Price: Transparent Flat Glass 4 mm data remains active status in CEIC and is reported by Brazilian Chamber of Construction Industry. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EF001: Construction Materials: Price.

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).

Brazil Construction Materials: Price: Pernambuco: Medium Sand data was reported at 51.670 BRL/Cub m in May 2019. This stayed constant from the previous number of 51.670 BRL/Cub m for Apr 2019. Brazil Construction Materials: Price: Pernambuco: Medium Sand data is updated monthly, averaging 47.330 BRL/Cub m from Feb 2007 (Median) to May 2019, with 148 observations. The data reached an all-time high of 58.330 BRL/Cub m in May 2014 and a record low of 25.000 BRL/Cub m in Feb 2008. Brazil Construction Materials: Price: Pernambuco: Medium Sand data remains active status in CEIC and is reported by Brazilian Chamber of Construction Industry. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EF015: Construction Materials: Price: Pernambuco.

Price index of construction materials by type of material on a monthly basis. The data are available in a separate file each year from 2001 onwards.

In the last quarter of 2024, San Francisco, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at 280 U.S. dollars per square foot and Las Vegas for single-family homes between 235 and 470 U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over twice more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over five percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.