Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 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 **** 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 construction output price in the United Kingdom has reached an annual growth rate of *** percent in June 2025 compared to the same month of the previous year. Construction costs had been increasing at a lower rate than in 2022 and 2023, but started rising again slowly in late 2024. The year-over-year growth rate was over ** percent in May and July 2022. Public and private housing was the construction segment with the highest output price increase. How have material costs developed over the years? Several factors influence construction material costs, including supply and demand, regulatory requirements, and transportation logistics. Manufacturing efficiency and global trade policies also play a big part, along with economic factors like inflation and currency fluctuations. In June 2022, the price of construction materials for new houses in the UK were ** percent higher than in 2015. What is the largest component of those costs? Labor costs are often one of the largest expenses in construction projects. That is due to the skilled nature of the work, which has a high demand for specialized trades. The construction sector's labor costs accounted for around ** percent of the sector's earnings in the United Kingdom in 2024. In the past years, the size of labor costs as a share of the construction sector have increased slightly, but they were still lower than in before 2014. As of June 2025, the construction output price growth rate has been revised to *** percent.

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 (2023=100).

Construction Output Price Indices (OPIs) from January 2014 to June 2025, UK. Summary

The cost of most construction contractor works in the United States increased by slightly in 2024. Electrical contractors were the exception, as their prices fell by *** percent that year. Roofing was the type of construction trade with the highest price increase that year, followed by concrete contractors for non-residential buildings. The overall cost of construction materials in the U.S. grew at a slower rate in 2024 than in previous years, with the price of several of them falling.

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

The construction cost of most non-residential buildings in the United States fell in 2024. That came after construction prices soared between 2021 and 2023. In 2022, the price of building a warehouse rose the most, with a growth rate of over **** percent. Before that, the price increases had been relatively steady. The cost of construction trades in the U.S. has increased at a slower rate in 2024.

Cutting, shaping, and finishing of stone were the types of construction materials with the highest price increases in Italy in 2024. Meanwhile, the cost of cement fell by 0.94 percent higher that year. The cost of most of building materials decreased in 2024. Construction material prices in Germany followed a similar trend that year.

Overall, the price of most of the materials used in construction in Germany decreased in 2024 Only the price of lime and burnt gypsum and the cost of repairing mining, construction, and building material machines increased at a rate of over four percent in 2024. The price of most building materials either increased by less than one percent or they fell. In 2023, one of the construction materials in Spain with the highest price increase was cement.

Graph and download economic data for Producer Price Index by Industry: Building Material and Supplies Dealers (PCU44414441) from Dec 2003 to Aug 2025 about dealers, materials, supplies, buildings, PPI, industry, inflation, price index, indexes, price, and USA.

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.

The price of multifamily units under construction in the United States increased significantly more than that of single-family homes in 2024. While the price of single-family houses was two percent higher than in the previous year, those figures amounted to over four percent for multifamily residential units. The overall cost of construction materials in the U.S. increased noticeably in 2021 and 2022.

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).

Canada Construction Price Index: Residential: Apartment: High Rise: London data was reported at 109.600 2023=100 in Mar 2025. This records an increase from the previous number of 107.400 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Apartment: High Rise: London data is updated quarterly, averaging 103.200 2023=100 from Mar 2023 (Median) to Mar 2025, with 9 observations. The data reached an all-time high of 109.600 2023=100 in Mar 2025 and a record low of 97.400 2023=100 in Mar 2023. Canada Construction Price Index: Residential: Apartment: High Rise: London data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

The cost of construction in France has risen a lot between 2021 and 2023. That growth rate amounted to 7.93 percent in 2022, which was the highest annual increase since 1982, and it reached 5.81 percent in 2023. Some of the different factors affecting the cost of construction are the price of construction materials, the price of land, and the cost of labor, among other elements.

Graph and download economic data for Producer Price Index by Commodity: Construction (Partial): New Nonresidential Building Construction (WPU801) from Jun 2009 to Aug 2025 about nonresidential, buildings, construction, new, commodities, PPI, inflation, price index, indexes, price, and USA.

In 2024, North Macedonia, Italy and Finland were the othe countries in continental Europe where producer prices of new residential buildings decreased. Meanwhile, Turkey was the country with the highest growth rate of producer prices for residential buildings. The reason for those high figures was the high inflation in Turkey.

Nepal Construction Materials Price Index (CMI) data was reported at 118.743 2014-2015=100 in Jul 2018. This records an increase from the previous number of 118.479 2014-2015=100 for Apr 2018. Nepal Construction Materials Price Index (CMI) data is updated quarterly, averaging 115.624 2014-2015=100 from Oct 2014 (Median) to Jul 2018, with 16 observations. The data reached an all-time high of 119.526 2014-2015=100 in Jul 2017 and a record low of 100.000 2014-2015=100 in Jul 2015. Nepal Construction Materials Price Index (CMI) data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Nepal – Table NP.EA001: Construction Materials Price Index: 2014-15=100.