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.

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 10 3/4% 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.

Short-term business statistics (STS) give information on a wide range of economic activities. All STS data are index data. Additionally, annual absolute values are released for building permits indicators. Percentage changes are also available for each indicator: Infra-annual percentage changes - changes between two consecutive months or quarters - are calculated on the basis of non-adjusted data (prices) or calendar and seasonally adjusted data (volume and value indicators) and year-on-year changes - comparing a period to the same period one year ago - are calculated on the basis of non-adjusted data (prices and employment) or calendar adjusted data (volume and value indicators).

The index data are generally presented in the following forms:

• unadjusted
• calendar adjusted
• calendar and seasonally adjusted.

Depending on the EBS Regulation data are accessible as monthly, quarterly and annual data.

The STS indicators are listed below in five different sectors, reflecting the dissemination of these data in Eurostat’s online database “Eurobase”.

Based on the national data, Eurostat compiles short-term indicators for the EU and euro area. Among these, a list of indicators, called Principal European Economic Indicators (PEEIs) has been identified by key users as being of primary importance for the conduct of monetary and economic policy of the euro area. The PEEIs contributed by STS are marked with * in the text below.

The euro indicators are released through Eurostat's website.

INDUSTRY

• production (volume)*
• turnover: Total, Domestic market and Non-domestic market. A further breakdown of the non-domestic turnover into euro area and non-euro area is available for the euro area countries.
• producer prices (output prices)*: Total, Domestic market and Non-domestic market. A further breakdown of the non-domestic producer prices into euro area and non-euro area is available for the euro area countries.
• import prices*: Total, euro area market, Non euro area market (euro area countries only)
• labour input indicators: Number of employees and self-employed persons, Hours worked by employees, Gross wages and salaries

CONSTRUCTION

• production (volume)*
• building permits indicators*: number of dwellings, square meters of useful floor
• producer (output) prices in construction (if not available, they can be approximated by the construction costs variable)
• labour input indicators: number of employees and self-employed persons, hours worked by employees, gross wages and salaries

TRADE

• volume of sales (deflated turnover)*
• turnover (value)
• labour input indicators: number of employees and self-employed persons, hours worked by employees, gross wages and salaries

SERVICES

• production (volume)*
• turnover (in value)
• labour input indicators: number of employees and self-employed persons, hours worked by employees, gross wages and salaries
• producer prices (output prices)*

MARKET ECONOMY

• total market production (volume)
• registrations
• bankruptcies

National reference metadata of the reporting countries are available in the Annexes to this metadata file.

The average construction cost of a single-family home in the United States was about ******* U.S. dollars in 2024, about ****** 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 ** 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 ***** square feet of floor space, about *** square feet less than in 2015. How many homes are sold each year in the United States? Less than ************ 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 ******* 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 ******* U.S. dollars in 2022.

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

The objective of the construction cost index is to show the development of costs incurred by the contractor/producer to carry out the construction process, in others words the cost of labour, materials and plant and overheads. The construction sector corresponds to the NACE Rev. 2 section F. Building construction (CC1) is further subdivided in residential building (CC11) and non-residential building (CC12). Data are not seasonally adjusted.

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).

Comprehensive 2025 construction cost dataset for single family home projects in New York, including labor rates, material costs, permit fees, timeline data, and market trends

Comprehensive 2025 construction cost dataset for single family home projects in Kentucky, including labor rates, material costs, permit fees, timeline data, and market trends

Poland - Construction cost of new residential buildings was 3.50 % year-on-year in June of 2021, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Poland - Construction cost of new residential buildings - last updated from the EUROSTAT on December of 2025. Historically, Poland - Construction cost of new residential buildings reached a record high of 4.10 % year-on-year in September of 2019 and a record low of 2.50 % year-on-year in March of 2021.

House Building Costs Index: Labor and Material data was reported at 211.400 Jan1991=100 in Aug 2017. This stayed constant from the previous number of 211.400 Jan1991=100 for Jul 2017. House Building Costs Index: Labor and Material data is updated monthly, averaging 115.900 Jan1991=100 from Jan 1975 (Median) to Aug 2017, with 512 observations. The data reached an all-time high of 211.400 Jan1991=100 in Aug 2017 and a record low of 18.300 Jan1991=100 in Jan 1975. House Building Costs Index: Labor and Material data remains active status in CEIC and is reported by Department of Housing, Local Government and Heritage. The data is categorized under Global Database’s Ireland – Table IE.EA006: House Building Cost Index (Discontinued).

Czech Republic - Construction cost of new residential buildings was -0.60 % year-on-year in March of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Czech Republic - Construction cost of new residential buildings - last updated from the EUROSTAT on November of 2025. Historically, Czech Republic - Construction cost of new residential buildings reached a record high of 24.10 % year-on-year in June of 2022 and a record low of -0.60 % year-on-year in March of 2024.

Graph and download economic data for Other Prices: Cost of Construction: Residential: Total for Italy (OPCNRE01ITM661N) from Jan 1967 to Oct 2023 about cost, Italy, residential, and construction.

In 2024, London had the highest housing construction costs for residential buildings in the United Kingdom. The expense of building an apartment high-rise in the UK's capital amounted to ***** British pounds per square meter of internal area, while the cost of townhouses were ***** British pounds per square meter. Manchester was the second city on the list with the highest residential construction costs.

Austria Construction Cost Index: Residential Buildings: Overall Building Costs: Wages data was reported at 176.400 2005=100 in Mar 2025. This stayed constant from the previous number of 176.400 2005=100 for Feb 2025. Austria Construction Cost Index: Residential Buildings: Overall Building Costs: Wages data is updated monthly, averaging 126.700 2005=100 from Jan 2005 (Median) to Mar 2025, with 243 observations. The data reached an all-time high of 176.400 2005=100 in Mar 2025 and a record low of 98.500 2005=100 in Apr 2005. Austria Construction Cost Index: Residential Buildings: Overall Building Costs: Wages 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.

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).

Norway Construction Cost Index: Residential Buildings data was reported at 186.700 2000=100 in Jun 2018. This records an increase from the previous number of 186.600 2000=100 for May 2018. Norway Construction Cost Index: Residential Buildings data is updated monthly, averaging 93.000 2000=100 from Jan 1978 (Median) to Jun 2018, with 486 observations. The data reached an all-time high of 186.700 2000=100 in Jun 2018 and a record low of 35.600 2000=100 in Jan 1978. Norway Construction Cost Index: Residential Buildings data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.EA010: Construction Cost Index: 2000=100.

This statistic shows the residential building international costs in Houston in 2018, by building type. In that year, construction costs for individual detached prestige houses stood at ***** U.S. dollars per square meter.

Comprehensive 2025 construction cost dataset for multi-family home projects in Minnesota, including labor rates, material costs, permit fees, timeline data, and market trends

Finland - Construction cost of new residential buildings was -0.60 % year-on-year in March of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Finland - Construction cost of new residential buildings - last updated from the EUROSTAT on December of 2025. Historically, Finland - Construction cost of new residential buildings reached a record high of 10.80 % year-on-year in June of 2022 and a record low of -0.90 % year-on-year in September of 2020.