We are now half a decade into the rollercoaster of the post-2020 construction market. Looking back at the twists and turns we’ve taken along the way – from industry growth in 2019, to the 2020 supply chain crashes, to the long slow rebound of 2021, to the stimulus-backed growth of 2022 and 2023, and finally the sharp decrease in volume in 2024 due to inflation – it has been an unsettling and unpredictable ride.
As the calendar flips to 2025, all hopes are for a return to stability. Even with the market performing below recent highs, signs point toward a slight uptick in spending and productivity. But international conflicts could interrupt what might otherwise be a smooth section of the track.
Join this installment of our annual Construction Cost Trends series to hear our construction data experts reflect on the wild ride of the past five years, analyze current market conditions and discuss where we might end up in twelve months. Along the way, we’ll examine the costs of key construction materials, like lumber, steel, copper and others, so you can better plan for your upcoming year of projects.
Learning Objectives:
- Get updates on the costs of key construction materials like lumber, steel and copperÂ
- Take inventory of the market boons and swoons of the last half decadeÂ
- Hear about growing market pressures that could influence future costsÂ
- Ask our data experts questions about the 2025 construction market
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