In 2023, the national median spent on a major master bathroom remodel project cost about ****** U.S. dollars. ** percent of all U.S. homeowners decided to change the layout of their master bathroom as part of the renovations that year.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting ****** U.S. dollars per square foot in 2024. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

Argentina Construction Cost: Multi Family House data was reported at 782,734.700 ARS/sq m in Mar 2025. This records an increase from the previous number of 781,172.400 ARS/sq m for Feb 2025. Argentina Construction Cost: Multi Family House data is updated monthly, averaging 3,122.020 ARS/sq m from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 782,734.700 ARS/sq m in Mar 2025 and a record low of 395.270 ARS/sq m in Nov 2000. Argentina Construction Cost: Multi Family House data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA006: Construction Cost: Multifamily House.

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 *** U.S. dollars per square foot and Las Vegas for single-family homes between *** and *** 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 ***** 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 **** 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.

D.R. Horton was the homebuilder with the highest gross revenue in the United States in 2024. The Texas-based company reached a homebuilding revenue of 33.83 billion U.S. dollars. It was closely followed by D.R. Horton, which had its headquarters in Florida and generated a revenue of 33.78 billion U.S. dollars. Challenges to the residential construction marketThe number of private housing units started fell around the time of the global financial crisis (2007-2009), but has since recovered – though not to the heights of 2006. The value of residential construction in the U.S. fell in 2023, but it is expected to start growing again in the next years.New home sales follow the same trend After a fall in the number of new houses sold in 2021 and 2022, home sales have increased again, with those figures in the U.S. expected to reach 683,000 in 2024. The number of single-family homes started has followed a similar trend, and it is expected to increase in the next couple of years.

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).

The number of new houses sold in the United States took a big hit during the financial crisis, dropping from a high of around *** million houses sold in 2005 to a low of *** thousand homes sold in 2011 – around a ** percent decrease. While the economy has largely recovered since the crisis, consumers remained hesitant when it comes to buying homes. In 2020, demand for housing surged and house sales volumes spiked to *******. Housing construction remains suppressed One of the main challenges in the U.S. housing market is the insufficient number of new homes built. During the financial crisis, construction slowed dramatically, and has still struggled to recover. Construction costs, on the other hand, have risen notably, making homeownership increasingly pricier. House prices on the rise Unsurprisingly, the median sales price of new homes has risen substantially. In 2024, the U.S. Case Shiller National Home Price Index, reached *** index points, suggesting the price of a home tripled since 2000, the base year of the index.

China Construction & Home Furniture Metal Product: YoY: Number of Employee: Average data was reported at -1.120 % in Dec 2012. This records an increase from the previous number of -2.272 % for Nov 2012. China Construction & Home Furniture Metal Product: YoY: Number of Employee: Average data is updated monthly, averaging 2.182 % from Jan 2006 (Median) to Dec 2012, with 55 observations. The data reached an all-time high of 11.840 % in Feb 2006 and a record low of -7.330 % in Aug 2009. China Construction & Home Furniture Metal Product: YoY: Number of Employee: Average data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHV: Construction and Safety Use Metal Product: Construction and Home Furniture Metal Product.

China Construction & Home Furniture Metal Product: Number of Employee: Average data was reported at 174.399 Person th in Dec 2013. This records an increase from the previous number of 173.786 Person th for Dec 2012. China Construction & Home Furniture Metal Product: Number of Employee: Average data is updated monthly, averaging 185.700 Person th from Dec 2003 (Median) to Dec 2013, with 64 observations. The data reached an all-time high of 226.100 Person th in Dec 2008 and a record low of 115.064 Person th in Dec 2003. China Construction & Home Furniture Metal Product: Number of Employee: Average data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHV: Construction and Safety Use Metal Product: Construction and Home Furniture Metal Product.

Panama Construction in Progress: PS: Construction Area: Individual House data was reported at 80,100.000 sq m in Dec 2017. This records an increase from the previous number of 75,856.000 sq m for Sep 2017. Panama Construction in Progress: PS: Construction Area: Individual House data is updated quarterly, averaging 87,607.500 sq m from Mar 2006 (Median) to Dec 2017, with 48 observations. The data reached an all-time high of 898,201.000 sq m in Mar 2006 and a record low of 52,929.000 sq m in Dec 2016. Panama Construction in Progress: PS: Construction Area: Individual House data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Panama – Table PA.EA001: Construction in Progress.

Argentina Construction Cost: Multi Family House: YoY% data was reported at 43.996 % in Mar 2025. This records a decrease from the previous number of 54.343 % for Feb 2025. Argentina Construction Cost: Multi Family House: YoY% data is updated monthly, averaging 25.498 % from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 289.724 % in Mar 2024 and a record low of 1.173 % in Jan 2002. Argentina Construction Cost: Multi Family House: YoY% data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA006: Construction Cost: Multifamily House.

Argentina Construction Cost Index: EX: House for Workers data was reported at 1,954.900 1993=100 in Oct 2015. This records an increase from the previous number of 1,928.900 1993=100 for Sep 2015. Argentina Construction Cost Index: EX: House for Workers data is updated monthly, averaging 231.700 1993=100 from Jan 1996 (Median) to Oct 2015, with 238 observations. The data reached an all-time high of 1,954.900 1993=100 in Oct 2015 and a record low of 95.210 1993=100 in Oct 1996. Argentina Construction Cost Index: EX: House for Workers data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA008: Construction Cost Index: 1993=100.

Colombia Construction Cost Index: Bldg: Homes: Valle del Aburra data was reported at 126.910 Dec2021=100 in Oct 2025. This records a decrease from the previous number of 127.900 Dec2021=100 for Sep 2025. Colombia Construction Cost Index: Bldg: Homes: Valle del Aburra data is updated monthly, averaging 118.410 Dec2021=100 from Jan 2022 (Median) to Oct 2025, with 46 observations. The data reached an all-time high of 128.450 Dec2021=100 in Jul 2025 and a record low of 101.763 Dec2021=100 in Jan 2022. Colombia Construction Cost Index: Bldg: Homes: Valle del Aburra data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.EA: Construction Cost Index: Buildings: Dec2021=100.

Construction Cost Index: Bldg: Homes: Villavicencio data was reported at 127.870 Dec2021=100 in Mar 2025. This records an increase from the previous number of 126.700 Dec2021=100 for Feb 2025. Construction Cost Index: Bldg: Homes: Villavicencio data is updated monthly, averaging 119.010 Dec2021=100 from Jan 2022 (Median) to Mar 2025, with 39 observations. The data reached an all-time high of 127.870 Dec2021=100 in Mar 2025 and a record low of 101.223 Dec2021=100 in Jan 2022. Construction Cost Index: Bldg: Homes: Villavicencio data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.EA007: Construction Cost Index: Buildings: Dec2021=100.

Colombia Construction Cost Index: Bldg: Homes: Montería data was reported at 127.390 Dec2021=100 in Mar 2025. This records an increase from the previous number of 126.750 Dec2021=100 for Feb 2025. Colombia Construction Cost Index: Bldg: Homes: Montería data is updated monthly, averaging 119.150 Dec2021=100 from Jan 2022 (Median) to Mar 2025, with 39 observations. The data reached an all-time high of 127.390 Dec2021=100 in Mar 2025 and a record low of 102.023 Dec2021=100 in Jan 2022. Colombia Construction Cost Index: Bldg: Homes: Montería data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.EA007: Construction Cost Index: Buildings: Dec2021=100.

Colombia Construction Cost Index: Buildings: Homes data was reported at 126.610 Dec2021=100 in Mar 2025. This records an increase from the previous number of 125.880 Dec2021=100 for Feb 2025. Colombia Construction Cost Index: Buildings: Homes data is updated monthly, averaging 118.450 Dec2021=100 from Jan 2022 (Median) to Mar 2025, with 39 observations. The data reached an all-time high of 126.610 Dec2021=100 in Mar 2025 and a record low of 101.447 Dec2021=100 in Jan 2022. Colombia Construction Cost Index: Buildings: Homes data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.EA007: Construction Cost Index: Buildings: Dec2021=100.

Colombia Construction Cost Index: Bldg: Homes: Valledupar data was reported at 126.300 Dec2021=100 in Mar 2025. This records an increase from the previous number of 125.820 Dec2021=100 for Feb 2025. Colombia Construction Cost Index: Bldg: Homes: Valledupar data is updated monthly, averaging 118.320 Dec2021=100 from Jan 2022 (Median) to Mar 2025, with 39 observations. The data reached an all-time high of 126.300 Dec2021=100 in Mar 2025 and a record low of 101.576 Dec2021=100 in Jan 2022. Colombia Construction Cost Index: Bldg: Homes: Valledupar data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.EA007: Construction Cost Index: Buildings: Dec2021=100.

Colombia Construction Cost Index: Bldg: Homes: Pasto data was reported at 125.540 Dec2021=100 in Mar 2025. This records an increase from the previous number of 125.010 Dec2021=100 for Feb 2025. Colombia Construction Cost Index: Bldg: Homes: Pasto data is updated monthly, averaging 118.070 Dec2021=100 from Jan 2022 (Median) to Mar 2025, with 39 observations. The data reached an all-time high of 125.540 Dec2021=100 in Mar 2025 and a record low of 101.382 Dec2021=100 in Jan 2022. Colombia Construction Cost Index: Bldg: Homes: Pasto data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.EA007: Construction Cost Index: Buildings: Dec2021=100.

CN: Construction & Home Furniture Metal Product: YoY: Selling and Distribution Cost: ytd data was reported at 6.159 % in Oct 2015. This records a decrease from the previous number of 6.515 % for Sep 2015. CN: Construction & Home Furniture Metal Product: YoY: Selling and Distribution Cost: ytd data is updated monthly, averaging 12.636 % from Jan 2006 (Median) to Oct 2015, with 89 observations. The data reached an all-time high of 34.690 % in Nov 2007 and a record low of -10.070 % in Aug 2009. CN: Construction & Home Furniture Metal Product: YoY: Selling and Distribution Cost: ytd data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHV: Construction and Safety Use Metal Product: Construction and Home Furniture Metal Product.

Colombia Construction Cost Index: Bldg: Homes: Neiva data was reported at 126.240 Dec2021=100 in Mar 2025. This records an increase from the previous number of 125.530 Dec2021=100 for Feb 2025. Colombia Construction Cost Index: Bldg: Homes: Neiva data is updated monthly, averaging 117.980 Dec2021=100 from Jan 2022 (Median) to Mar 2025, with 39 observations. The data reached an all-time high of 126.240 Dec2021=100 in Mar 2025 and a record low of 101.953 Dec2021=100 in Jan 2022. Colombia Construction Cost Index: Bldg: Homes: Neiva data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.EA007: Construction Cost Index: Buildings: Dec2021=100.