Construction costs nationally rose 2.7% in the second quarter of this year as commodities, including lumber and copper, grew more expensive, according to a national cost index. Costs rose 5.4% ...
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 ...
Gordian, provider of data-driven solutions for all phases of the building lifecycle, reported relative stability in construction equipment and materials costs last year, but continued growth in ...
The true measure of affordability must also account for what it costs to own, operate, maintain, repair and eventually ...
The federal government’s newest tariff actions could make new homes more expensive to build. In June, the U.S. increased tariff rates on most imported steel and aluminum from 25% to 50%, per the White ...
As construction costs continue to soar, the industry is bracing for even sharper increases in 2025. Tariffs on key materials—iron, steel, and lumber—are expected to drive up construction expenses ...
It’s normal to see construction costs rise about 4% in a typical year — but 2025 was not a typical year.
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 ...
While a building boom is good for the economy, it presents challenges, with construction costs in Singapore consistently ranked among the highest in the world.
Construction of a new Fruitland Primary School is moving forward, but a change in the state’s funding timeline means Wicomico ...