KMI Cost Index – February 2026
The February 2026 Report shows overall construction costs remaining stable, with building and construction costs up 0.18% and material costs rising modestly at 0.25%, while common labor remains flat and skilled labor increased 0.15%. Material volatility continues to be driven by copper (+12%), lumber (+12%), and select wood and steel products, suggesting targeted upward pressure in electrical and wood-based scopes even as broader market conditions stabilize. Click on the link above to view the latest cost data for February 2026.