Blog: Trends & Insights

Explore a high-level overview of data and trends from Gordian's Q3 Construction Cost Insights Report.

As a follow-up to our 2023 Construction Cost Trends Webinar, here are more insights and answers to commonly asked questions about the construction market.

Exacerbated by ongoing shortages and increased demands within the industry, fiberglass insulation costs have risen steadily throughout the past year. Since the second quarter of 2021, the cost for blanket fiberglass insulation has increased nearly 90%. Find out more in this blog post.

After structural steel costs increased 268% from the last quarter of 2020 and peaked high peak last year, costs have been on a steady decline. Over the past three quarters, they have decreased 35%, providing some relief to project owners. Read more about what the data is saying for steel material costs.

Over the past 12 months, the cost of copper wire has risen nearly 24% on average across the United States. This edition of What the Data Says explores the latest costs of copper wire and EMT conduit.