The June 2026 Cost Data reflects moderate month-over-month cost movement, with Building Cost increasing 1.20% and Construction Cost increasing 0.60%, indicating continued but controlled escalation. Material Cost was the primary driver this cycle, rising 2.00%, while labor remained largely stable, with Common Labor flat at 0.00% and Skilled Labor increasing only 0.20%. The most notable material increase was Steel Piling at 3.30%, followed closely by Structural Steel at 3.00%, pointing to continued pressure in deep foundation, marine/structural support, and core framing scopes. Wide Flange Steel and Lumber each increased 0.80%, while Cement saw the smallest movement at 0.60%. Overall, the June report points to a material-driven escalation environment, reinforcing the importance of monitoring commodity pricing and procurement timing during budgeting and estimating.
Click on the link above to view the latest cost data for June 2026.