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Despite challenges, 2024 construction material prices continue to stabilize

Despite challenges, 2024 construction material prices continue to stabilize
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Structural Materials | Building Design + Construction

Structural Materials | Building Design + Construction
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Mccarthy building companiesQuarterly construction cost insights report

Construction material prices continue to normalize despite ongoing challenges

Gordian’s most recent Quarterly Construction Cost Insights Report for Q4 2023 describes an industry still attempting to recover from the impact of COVID. This was complicated by inflation, weather, and geopolitical factors that resulted in widespread pricing adjustments throughout the construction materials industries.

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U S construction market moves toward building material price stabilization

The newly released Quarterly Construction Cost Insights Report for Q3 2023 from Gordian reveals material costs remain high compared to prior years, but there is a move towards price stabilization for building and construction materials after years of significant fluctuations. In this report, top industry experts from Gordian, as well as from Gilbane, McCarthy Building Companies, and DPR Construction weigh in on the overall trends seen for construction material costs, and offer innovative solutions to navigate this terrain.

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