The July 2026 Cost Data reflects a relatively modest and stable month-over-month construction cost environment, with Building Cost increasing 0.60% and Construction Cost increasing 0.40%. Materials were the primary driver of movement, rising 1.20%, while labor remained flat with both Common Labor and Skilled Labor showing 0.00% monthly change. The largest material increase came from Lumber at 3.10%, followed by 5/8″ Plywood at 1.80%, Cement at 1.20%, Structural Steel at 1.00%, and Wall Insulation at 0.70%. Overall, the July report points to moderate material-driven cost pressure, particularly in wood-based products and core structural materials, while stable labor conditions support a more predictable near-term bidding and estimating environment
Click on the link above to view the latest cost data for July 2026.