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Building materials made of steel, copper, and other metals had some of the highest price growth rates in the U.S. in the first half of 2026 in comparison to the previous year. The growth rate of the cost of several construction materials reached a peak in 2021 and decelerated in the following years. Following two years of decline, the overall price index of construction materials rose again in 2025. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country.

Construction material prices in the United Kingdom

Similarly to these trends in the U.S., price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK.

Construction material shortages during the COVID-19 pandemic

During the first years of the COVID-19 pandemic, there were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.