Q2 2025: COST TO CONSTRUCT DATA

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COST INDEXES

Building Cost Index........................... +2.9%
Annual Inflation Rate

1913=100

Building Cost

INDEX VALUE

8563.30

MONTH

+0.5%

YEAR

+2.9%

Skilled Labor

12266.76

+0.3%

+4.8%

Wage $/Hour

68.08

+0.3%

+4.8%

1 YEAR STEEL MARKET

1 YEAR CONCRETE MARKET

MATERIAL FORECASTS

5 YEAR INDUSTRY TREND

Sources: Building Cost Index and Cement, ENR Construction Economics Report. One Year Steel Market Data, Trading Economics.
One Year Concrete, FRED Economic Data, Prodcer Price Index by Industry: Concrete Contractors, Nonresidential Building Work.
Structural Steel, and Softwood Lumber Material Forecasts, S&P Global Market Intelligence. Five Year Industry Trend, FRED Economic Data, Producer Price Index by Industry: New Warehouse Building Construction

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