In the first quarter of 2025, San Francisco, Chicago, 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 190 U.S. dollars per square foot and Las Vegas for single-family homes between 240 and 480 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.

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 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.

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).

The National Highway Construction Cost Index (NHCCI) is a price index that can be used both to track price changes associated with highway construction costs, and to convert current dollar expenditures on highway construction to real or constant dollar expenditures. This dataset contains the quarterly NHCCI estimates as well as the Seasonally Adjusted NHCCI and Component Contributions to Changes in NHCCI. Visit https://www.fhwa.dot.gov/policy/otps/nhcci/ for more information regarding the NHCCI.

Crawler-mounted hydraulic excavators were the type of construction equipment in the United States and Canada with the most expensive weekly rental rates in the second quarter of 2023. Nevertheless, the monthly rental rates of standard crawler dozers were even higher than those of excavators. The average monthly rental rate of electric self-propelled scissor lifts was 1,316 U.S. dollars. Tokyo was one of the cities worldwide with the highest cost of hiring a 50-ton mobile crane and an operator in 2022.

United States - Producer Price Index by Commodity: Construction (Partial): New Industrial Building Construction was 193.07500 Index Jun 2007=100 in April of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Construction (Partial): New Industrial Building Construction reached a record high of 195.04700 in March of 2023 and a record low of 100.00000 in June of 2007. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Construction (Partial): New Industrial Building Construction - last updated from the United States Federal Reserve on June of 2025.

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

Brazil Construction Cost data was reported at 1,818.640 BRL/sq m in Apr 2025. This records an increase from the previous number of 1,810.250 BRL/sq m for Mar 2025. Brazil Construction Cost data is updated monthly, averaging 854.130 BRL/sq m from Mar 1986 (Median) to Apr 2025, with 470 observations. The data reached an all-time high of 14,030,088.660 BRL/sq m in Jul 1993 and a record low of 187.160 BRL/sq m in Jan 1989. Brazil Construction Cost data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Global Database’s Brazil – Table BR.EA004: Construction Cost: Average: by Region and State. Average costs at the level of Federation Units: Costs are estimated by the weighted average of the costs of residential projects with a normal finishing standard; For this calculation, the weight (relative importance) of each project is considered in the most populous municipality of each geographic area.

Portugal - Construction cost index was EUR123.30 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Construction cost index - last updated from the EUROSTAT on June of 2025. Historically, Portugal - Construction cost index reached a record high of EUR123.30 points in March of 2025 and a record low of EUR63.90 points in March of 2001.

This table shows the value (expressed in building costs) of the construction of building projects expected shortly. It also shows the value of the actually realised monthly production of building projects. The figures relate to building projects with building costs of 50 thousand euro or more. The total building costs are broken down into building costs by building phase and by type of building.

Data available from: January 2015.

Status of the figures: Figures of the latest 12 months are provisional. Municipalities with non-response are estimated. The later received response of municipalities over previous periods have been processed in the figures of the month in which the building permit was granted. As a result, figures about the same month may vary over time. Twelve months after publication the provisional figures become definite.

Changes as of May 28, 2025: The figures of March and the first quarter of 2025 have been added and all figures as of March 2024 may have been revised.

When will new figures be published? The new figures will be published on the last working day of the second month after the reporting month. The figures for the same reporting month of a year earlier then become final.

The average construction cost of a single-family home in the United States was about 428,000 U.S. dollars in 2024, about 36,000 U.S. dollars more expensive than in 2022. The source also adds that interior finishes – which includes insulation, flooring, and appliances – accounted for the largest share of costs at 24 percent. U.S. housing construction slows Construction work was underway on over 1,000 single-family housing units in the United States in 2024. This number increased year-on-year between 2011 and 2021, followed by a notable decline in the next two years. Despite this trend, the industry experts are optimistic about construction levels picking up until 2026. The median size of a new single-family home has also shrunk. In 2023, the average home had approximately 2,300 square feet of floor space, about 200 square feet less than in 2015.
How many homes are sold each year in the United States? Less than five million homes were sold in the United States in 2023, the majority of which were existing home sales. The median sales price of an existing single-family home was 389,000 U.S. dollars in that year, a figure that has risen steadily since 2011. Those in the market for a newly constructed single-family home will have to pay more, with the median sales price at 427,000 U.S. dollars in 2022.

Construction Cost Index: 2010=100: NACE 2: ow Maintenance and Current Repair Works data was reported at 120.500 2010=100 in Dec 2017. This records an increase from the previous number of 119.500 2010=100 for Nov 2017. Construction Cost Index: 2010=100: NACE 2: ow Maintenance and Current Repair Works data is updated monthly, averaging 106.500 2010=100 from Jan 2005 (Median) to Dec 2017, with 156 observations. The data reached an all-time high of 124.000 2010=100 in May 2012 and a record low of 64.900 2010=100 in Jan 2005. Construction Cost Index: 2010=100: NACE 2: ow Maintenance and Current Repair Works data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Romania – Table RO.EA007: Construction Cost Index: 2010=100. Rebased from 2010=100 to 2015=100 Replacement series ID: 401335087

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.

Romania Construction Cost Index: 2021=100: NACE 2: ow Maintenenance and Current Repair Works data was reported at 146.500 2021=100 in Feb 2025. This records an increase from the previous number of 145.800 2021=100 for Jan 2025. Romania Construction Cost Index: 2021=100: NACE 2: ow Maintenenance and Current Repair Works data is updated monthly, averaging 67.750 2021=100 from Jan 2005 (Median) to Feb 2025, with 242 observations. The data reached an all-time high of 146.500 2021=100 in Feb 2025 and a record low of 39.000 2021=100 in Mar 2005. Romania Construction Cost Index: 2021=100: NACE 2: ow Maintenenance and Current Repair Works data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Romania – Table RO.EA008: Construction Cost Index: 2021=100.

The historical series 'New dwellings; input price indices of building costs 2000 = 100, from 1990' shows the development of the costs (wages and materials) involved in building new dwellings in the Netherlands, and has become available by linking series which were calculated separately in the past. An input price index is based on price changes in several cost components involved in realising a product, in this case a new dwelling. Changes in other cost components such as building equipment (tools and machines), general costs, profits and risk are not included in the index. Other cost components, such as energy and transport, are also not taken into account as their influence on the final cost price is relatively modest. Land costs are also not included in the index.

From 1990 to December 1994 only figures of the materials are available. From 1995 onwards this series also includes wage figures. Also from 1995, figures are also available on total building costs by weighted aggregetion of these two series.

Data available from: - Materials: January 1990 - Wages: January 1995 - Total building costs: January 1995

Status of the figures: The price index figures for wages and the total construction costs are final until 2024. The figures for building materials are final until November 2024.

Changes as of November 29th, 2024: Since this publication, a switch has been made to a different rounding strategy, whereby the changes are calculated on unrounded index figures and annual figures are calculated from rounded and published figures. With this switch there is more consistency with other statistics on Statline and statistics from Eurostat. As a result, mutations have changed across the entire series.

Changes as of May 28th, 2025: Figures of April 2025 have been added.

When will new figures be published? New figures are published about 30 days after the month under review.

Lithuania - Construction cost index was EUR137.00 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Lithuania - Construction cost index - last updated from the EUROSTAT on June of 2025. Historically, Lithuania - Construction cost index reached a record high of EUR137.00 points in March of 2025 and a record low of EUR48.60 points in March of 1998.

National House Construction Cost Index. Published by Department of Housing, Local Government, and Heritage. Available under the license Creative Commons Attribution Share-Alike 4.0 (CC-BY-SA-4.0).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 Industry: Building Material and Supplies Dealers (PCU44414441) from Dec 2003 to Apr 2025 about dealers, materials, supplies, buildings, PPI, industry, inflation, price index, indexes, price, and USA.

Slovakia - Construction cost of new residential buildings was 9.40 % year-on-year in September of 2021, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Slovakia - Construction cost of new residential buildings - last updated from the EUROSTAT on June of 2025. Historically, Slovakia - Construction cost of new residential buildings reached a record high of 9.40 % year-on-year in September of 2021 and a record low of -3.50 % year-on-year in March of 2021.