The June 2026 Construction Cost Report indicates renewed upward pressure across the national construction market, with Building Cost increasing 4.10%, Construction Cost increasing 2.80%, and overall Material Cost rising 2.00%. Labor also continues to escalate, with Common Labor up 1.30% and Skilled Labor up 2.00%, reinforcing ongoing wage pressure across both general and specialized trades. Among tracked materials, Asphalt Paving showed the largest monthly increase at 5.50%, followed by Structural Steel at 3.00%, while Concrete Block, Cement, and Lumber experienced more moderate increases between 0.60% and 0.80%. Overall, the data suggests a more active escalation environment heading into Q2/Q3 planning, supporting continued contingency review, procurement tracking, and close monitoring of high-impact materials and labor-driven cost impacts.
Click on the link above to view the latest cost data for June 2026.