News & Media
Construction Econ Report: Stable material costs offer respite before anticipated escalation
Recent construction input prices reflect the stability experienced through much of 2024. Copper wire and cable have escalated the most of our tracked inputs, showing at 8.6% increase over the past 12 months. “Costs are likely to rise much faster in 2025,” said Ken Simonson, chief economist at the Associated General Contractors of America. “Many other construction materials are likely to experience sudden price increases if President Trump follows through on his threats to impose steep tariffs.”
In Skender’s latest construction economics report, we provide insights and analysis of construction material prices, drawing on data from the U.S. Bureau of Labor Statistics, to highlight fluctuations and trends. It focuses on key materials like steel, concrete, gypsum, lumber and petroleum-based products, emphasizing the shifts of input costs amid changes in global economics, supply chain and energy prices.