Articles Tagged with ''cost report''

Uncertainty has plagued the overall economy in the first half of 2025, with U.S. construction industry activity slowing considerably, according to data from Dodge Construction Network.

Steel, cement prices increased this past year while lumber prices declined.

Fear of tariffs has not impacted prices yet, but OEMs weigh their options.

Raises peaked in 2023, but remain high compared to pre-pandemic levels.

Concerns over tariffs will factor heavily as the year continues.

Materials prices are expected to rise in the face of tariffs.

Rate cuts have slowed in the first quarter of 2025, and experts predict rising materials costs ahead.

The key trends of 2024 will persist into 2025: Material price stabilization, labor shortages, growth in digital infrastructure and renewable energy construction, with 2-6% average cost escalations.

With some new pressures bearing down on the equipment market, there has been a slow decline in prices at resale and auction over the past year, but there may also be concerns about a softening market going into 2025 as well.

Construction executives report a boost in industry confidence on ENR’s latest Construction Industry Confidence Index survey. The index rose to a 55 rating this quarter, up from 47 in Q3.