The latest data — prior to the war in Iran — shows prices rose on an annualized basis of 12.6% through February.
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% ...
The spike was mostly driven by rising energy costs, and the analysis was done before the armed conflict in Iran began.
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 ...
Construction material prices rose 2.6% year-over-year in July. Steel, aluminum, and copper prices surged due to new tariffs. Long Island firms report canceled projects and tighter margins. Though the ...
Construction projects depend on clear design documentation before physical work begins”— Jules Albert III SLIDELL, LA, ...
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 ...
While a building boom is good for the economy, it presents challenges, with construction costs in Singapore consistently ...
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 ...