The producer price index for materials and services used in nonresidential construction rose 0.4% in November and 3.6% over 12 months — the largest year-over-year increase since January 2023, ...

Copper and electrical components posted the sharpest gains to end the year, according to consulting firm Gordian, but steel ...

Trade policy will “continue to put upward pressure on certain materials” this year, said Anirban Basu, chief economist for ...

Gordian’s Q1 2024 Quarterly Construction Cost Insights Report brings good news on construction material prices: Although there are some materials whose prices have continued to show volatility, costs ...

Non-residential construction costs have modestly increased across the nation, while the supply chain is feeling the ripple effects of global trade policy and evolving tariffs from Washington. That’s ...

Although ENR’s indexes measure the costs of non-residential buildings, the housing market has had a major impact on index movement. The ENR 20-city average yearly price for steel rose 11.2% by the end ...

Buying a house used to be a rite of passage for middle-class Americans, but in recent decades, would-be homeowners have found themselves priced out of the market. The affordability crisis has become ...

The construction industry is known for its complex and fluctuating costs. To effectively budget for a construction project, it’s essential to consider all the different labor costs. Here are some ...

While a building boom is good for the economy, it presents challenges, with construction costs in Singapore consistently ...