In 2024, the construction cost of non-residential buildings in the United States has increased by six percent. The cost index for that type of construction projects amounted to 1,199 in 2021, but it reached 1,426 in 2024. Construction costs have increased almost every year, except for 2009 and 2010.

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.

Between 2022 and 2024, 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 six percent higher in the last quarter of 2024 than in 2023, 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 2023 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 2023, 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.

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.

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 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.

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.

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).

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.

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 June 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 Commodity: Construction (Partial): New Industrial Building Construction (WPU801104) from Jun 2007 to Apr 2025 about buildings, construction, new, commodities, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: New Office Building Construction (PCU236223236223) from Jun 2006 to Apr 2025 about buildings, construction, new, PPI, industry, inflation, price index, indexes, price, and USA.

CA: Construction Price Index: School data was reported at 165.100 2002=100 in Dec 2017. This records an increase from the previous number of 163.600 2002=100 for Sep 2017. CA: Construction Price Index: School data is updated quarterly, averaging 91.300 2002=100 from Mar 1981 (Median) to Dec 2017, with 148 observations. The data reached an all-time high of 165.100 2002=100 in Dec 2017 and a record low of 56.100 2002=100 in Mar 1981. CA: Construction Price Index: School data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA013: Construction Price Index: 2002=100. Rebased from 2002=100 to 2017=100 Replacement series ID: 403774777

CA: Construction Price Index: School: Montreal data was reported at 154.300 2002=100 in Dec 2017. This records an increase from the previous number of 152.500 2002=100 for Sep 2017. CA: Construction Price Index: School: Montreal data is updated quarterly, averaging 91.450 2002=100 from Mar 1981 (Median) to Dec 2017, with 148 observations. The data reached an all-time high of 154.300 2002=100 in Dec 2017 and a record low of 53.000 2002=100 in Mar 1981. CA: Construction Price Index: School: Montreal data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA013: Construction Price Index: 2002=100.

Germany - Construction cost index was EUR119.20 points in December of 2024, 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 EUR119.20 points in December of 2024 and a record low of EUR62.60 points in March of 2000.

Construction Cost Index: Lake Geneva: Buildings: New Construction data was reported at 115.000 Oct2020=100 in Oct 2024. This records an increase from the previous number of 114.300 Oct2020=100 for Apr 2024. Construction Cost Index: Lake Geneva: Buildings: New Construction data is updated semiannually, averaging 99.400 Oct2020=100 from Oct 1998 (Median) to Oct 2024, with 53 observations. The data reached an all-time high of 115.000 Oct2020=100 in Oct 2024 and a record low of 75.400 Oct2020=100 in Oct 1998. Construction Cost Index: Lake Geneva: Buildings: New Construction data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.EA011: Construction Cost Index: October 2020 =100.

In the fiscal year 2023, the Japanese construction cost deflator for buildings stood at 123.7 index points, increasing from 121.2 points in the previous year. The construction cost deflator is a weighted index estimating the inflation-adjusted price development of construction in Japan, considering expenditures for materials, labor, and investment. What are features of the construction cost deflator? Since 1951, the government has been compiling a deflator for construction costs. It helps, for example, to determine contract prices for public works like roads. Today’s version includes various sub-indices, such as the one for buildings; they may be residential or non-residential, and their structural frames may be either wood, steel, or reinforced concrete. While the deflator considers all of Japan, other price indices give more detailed insight into specific buildings, materials, and regions. Rising energy-prices have spilled over to materials Japan has not been spared by recently inflating energy prices. Accordingly, the domestic construction industry is monitoring the monthly construction material price index. Unlike the deflator, it also provides regional-specific data, showing that although inflation impacted all materials throughout the country, some materials and places were more affected than others. In Tokyo, cement prices have increased by over 42 points since fiscal year 2021 – in Osaka, by around 50.

Austria - Construction cost index was EUR117.20 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Austria - Construction cost index - last updated from the EUROSTAT on June of 2025. Historically, Austria - Construction cost index reached a record high of EUR117.20 points in March of 2025 and a record low of EUR39.50 points in March of 1990.

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.

Czech Republic - Construction cost index was CZK128.40 points in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Czech Republic - Construction cost index - last updated from the EUROSTAT on May of 2025. Historically, Czech Republic - Construction cost index reached a record high of CZK128.40 points in March of 2025 and a record low of CZK56.30 points in March of 2000.