ENR 2025 First Quarterly Cost Report
February 26, 2025
ENR 2025 First Quarterly Cost Report
February 26, 2025A 25% tariff on imported steel and aluminum could have a significant impact on materials prices in the coming months.
Illustration by Scott Hilling/ENR, original steel roll image by Getty Images/klyaksun
Rate cuts have slowed in the first quarter of 2025, and experts predict rising materials costs ahead.
The first quarterly cost report will delve into these issues alongside the general economic outlook, equipment prices and executive compensation, and provide a closer look at ENR’s indexes and methodologies.
In the quarterly confidence index, survey data shows that confidence among executives is increasing but tariffs remain a key concern.
Related link: ENR 2025 1Q Cost Report PDF
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Construction Execs Optimistic for the Year Ahead
Concerns over tariffs will factor heavily as the year continues
Projects Held In Planning Amid Unsure Budget Future
Materials prices are expected to rise in the face of tariffs
*Click on the articles below for more
Increases in Executive Compensation Fall From Record Highs
Raises peaked in 2023, but remain high compared to pre-pandemic levels.
Slow Decline In Used Iron Prices Seen as Demand Slips
Fear of tariffs has not impacted prices yet, but OEMs weigh their options.
Growth for Some Materials Prices in 2024
Steel, cement prices increased this past year while lumber prices declined.
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