May 2025: Construction Materials Price Report

Private Construction Delays and Abandonments Surge

The private construction sector is showing signs of serious strain. According to ConstructConnect’s latest Project Stress Index report, private project abandonments are nearing multi-year highs, while delayed bids and on-hold developments continue to rise. Over the past 12 months, private construction projects placed on hold have jumped a staggering 40%, and abandonments are up 14.1%. In April 2025 alone, the Project Stress Index rose 1.5%, signaling a significant increase in project disruptions. The index, which measures stalled, delayed, or abandoned projects across the U.S. construction landscape, now sits 16% higher than 2021 baseline levels. This upward trend is being driven largely by private sector activity, which has diverged sharply from the steadier public sector.

Continue reading this article.

Cash Flow Challenges Continue to Undercut Subcontractor Growth

A new industry report highlights a persistent threat facing the construction sector: subcontractors’ cash flow problems are not just lingering—they're getting worse. Billd’s 2025 National Subcontractor Market Report, based on surveys from over 800 subcontractors, general contractors, and suppliers, paints a concerning picture. Slow payments, tight margins, and a lack of working capital are hampering the financial health and growth prospects of a critical segment of the construction workforce.

Continue reading this article.

California Becomes the World’s Fourth-Largest Economy — But Risks Loom Ahead

California has officially overtaken Japan to become the world’s fourth-largest economy, according to new data released by the International Monetary Fund and the U.S. Bureau of Economic Analysis. With a nominal GDP of $4.1 trillion, the Golden State now trails only the United States, China, and Germany on the global economic stage. Governor Gavin Newsom celebrated the milestone, citing California’s dynamic industries—from tech and agriculture to entertainment and manufacturing—as the foundation for its global rise. “California isn’t just keeping pace with the world—we’re setting the pace,” Newsom said in a statement.

Continue reading this article.

California’s 2025 Energy Code: What Builders and Developers Need to Know Now

Major changes are coming to California’s construction industry. The California Energy Commission (CEC) has officially adopted the 2025 Building Energy Efficiency Standards (Title 24, Part 6), set to take effect on January 1, 2026. Focused on electrification, decarbonization, and indoor air quality, these updates will significantly impact how new projects are designed, built, and delivered. For developers, contractors, and project managers working in California’s highly regulated market, early preparation is essential. Here’s what you need to know to stay ahead.

Continue reading this article.

Conclusion

The construction industry is sending a clear message in 2025: growth alone isn’t enough. Capacity is expanding, pipelines are full—but costs continue to climb. This dual escalation isn’t sustainable, and the question isn’t if pressure will break the system—it’s where. Private sector volatility is already testing that threshold. Project abandonments are spiking, subcontractors are squeezed, and capital is tightening at the bottom of the chain. At the same time, California is doubling down on regulation, with new building codes reshaping what compliance looks like just months from now. This is the moment where leaders separate from the field. The builders who are thriving aren’t betting on volume. They’re designing for code shifts before they happen. They’re protecting margins by hardening procurement. They’re empowering subcontractors, not draining them. They’re aligning with partners who see risk coming and build through it. And they’re doing it now. At Paragon Construction Consulting, we don’t see this as a storm to ride out—we see it as a recalibration of what excellence requires. Precision. Preparedness. Execution without excuse. This is a defining window for our industry. Those who adapt with discipline—who lead with clarity and act decisively—will be the ones building the next generation of cities, campuses, and communities. Let’s shape that future—together.

Jeff Hall
President & CEO

Online

Get in Touch

Commodity

12 Month % Change

1 Month % Change

Softwood Lumber

+8.6

-2.6

Hardwood Lumber

+4.6

0.0

General Millworks

+0.9

+0.3

Soft Plywood Products

-6.2

-2.0

Hot Rolled Steel

-11.9

0.0

Copper Wire & Cable

+11.4

+5.0

Power Wire & Cable

+7.0

+2.4

Builder's Hardware

+2.8

-0.2

Plumbing Fixtures

+3.9

+1.3

Furnaces and Heaters

+2.5

+3.2

Sheet Metal Products

+2.3

+1.1

Electrical Lighting Fixtures

+3.1

0.0

Nails

-1.8

+2.0

Major Appliances

+0.2

+0.5

Ready-Mix Concrete

+1.7

+0.2

Asphalt Roofing & Siding

+0.7

-0.8

Gypsum Products

+3.5

-0.5

Insulation

+4.7

-1.2

Production Is Up, Prices Are Up — What Breaks First?

The U.S. construction industry is navigating a paradox: production capacity is expanding, yet costs continue to rise. This dual escalation is unsustainable, prompting industry leaders to question which will falter first—production or pricing.​ In 2025, the construction sector is experiencing robust growth. According to a report by Research and Markets, the U.S. construction market is projected to expand at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2029, reaching approximately $1.59 trillion by 2029. This growth is fueled by increased demand in residential, commercial, and infrastructure projects.​

Continue reading this article.

20-City Average Cost Indexes, Wages, Prices

ENR publishes both a Construction Cost Index and Building Cost index that reports the average national price by surveying 20 major cities across the United States. These figures report the national average change of cost over the last month.

CONCRETE BLOCK

+1.1%

READY MIX CONCRETE

0.0

ASPHALT PAVING

-0.3

PORTLAND CEMENT

+6.9

ALUMINIUM SHEET

+0.1%

REINFORCING BARS

-1.5%

WIDE FLANGE

+0.4%

STAINLESS-STEEL SHEET

+3.3%

CORRUGATED-STEEL PIPE

-1.2%

DUCTILE-IRON PIPE

+2.5%

PVC WATER PIPE

+0.6%

REINFORCED CONCRETE PIPE

-2.2%

GYPSUM WALLBOARD

-0.3%

PARTICLE BOARD

+1.2%

PLYWOOD

+1.5%

LUMBER

+2.0%

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Private Construction Delays and Abandonments Surge

The private construction sector is showing signs of serious strain. According to ConstructConnect’s latest Project Stress Index report, private project abandonments are nearing multi-year highs, while delayed bids and on-hold developments continue to rise. Over the past 12 months, private construction projects placed on hold have jumped a staggering 40%, and abandonments are up 14.1%. In April 2025 alone, the Project Stress Index rose 1.5%, signaling a significant increase in project disruptions. The index, which measures stalled, delayed, or abandoned projects across the U.S. construction landscape, now sits 16% higher than 2021 baseline levels. This upward trend is being driven largely by private sector activity, which has diverged sharply from the steadier public sector.

Continue reading this article.

Cash Flow Challenges Continue to Undercut Subcontractor Growth

A new industry report highlights a persistent threat facing the construction sector: subcontractors’ cash flow problems are not just lingering—they're getting worse. Billd’s 2025 National Subcontractor Market Report, based on surveys from over 800 subcontractors, general contractors, and suppliers, paints a concerning picture. Slow payments, tight margins, and a lack of working capital are hampering the financial health and growth prospects of a critical segment of the construction workforce.

Continue reading this article.

California Becomes the World’s Fourth-Largest Economy — But Risks Loom Ahead

California has officially overtaken Japan to become the world’s fourth-largest economy, according to new data released by the International Monetary Fund and the U.S. Bureau of Economic Analysis. With a nominal GDP of $4.1 trillion, the Golden State now trails only the United States, China, and Germany on the global economic stage. Governor Gavin Newsom celebrated the milestone, citing California’s dynamic industries—from tech and agriculture to entertainment and manufacturing—as the foundation for its global rise. “California isn’t just keeping pace with the world—we’re setting the pace,” Newsom said in a statement.

Continue reading this article.

California’s 2025 Energy Code: What Builders and Developers Need to Know Now

Major changes are coming to California’s construction industry. The California Energy Commission (CEC) has officially adopted the 2025 Building Energy Efficiency Standards (Title 24, Part 6), set to take effect on January 1, 2026. Focused on electrification, decarbonization, and indoor air quality, these updates will significantly impact how new projects are designed, built, and delivered. For developers, contractors, and project managers working in California’s highly regulated market, early preparation is essential. Here’s what you need to know to stay ahead.

Continue reading this article.

Conclusion

The construction industry is sending a clear message in 2025: growth alone isn’t enough. Capacity is expanding, pipelines are full—but costs continue to climb. This dual escalation isn’t sustainable, and the question isn’t if pressure will break the system—it’s where. Private sector volatility is already testing that threshold. Project abandonments are spiking, subcontractors are squeezed, and capital is tightening at the bottom of the chain. At the same time, California is doubling down on regulation, with new building codes reshaping what compliance looks like just months from now. This is the moment where leaders separate from the field. The builders who are thriving aren’t betting on volume. They’re designing for code shifts before they happen. They’re protecting margins by hardening procurement. They’re empowering subcontractors, not draining them. They’re aligning with partners who see risk coming and build through it. And they’re doing it now. At Paragon Construction Consulting, we don’t see this as a storm to ride out—we see it as a recalibration of what excellence requires. Precision. Preparedness. Execution without excuse. This is a defining window for our industry. Those who adapt with discipline—who lead with clarity and act decisively—will be the ones building the next generation of cities, campuses, and communities. Let’s shape that future—together.

Jeff Hall
President & CEO

Online

Online

Get in Touch

Get in Touch

Commodity

12 Month % Change

1 Month % Change

Softwood Lumber

+8.6

-2.6

Hardwood Lumber

+4.6

0.0

General Millworks

+0.9

+0.3

Soft Plywood Products

-6.2

-2.0

Hot Rolled Steel

-11.9

0.0

Copper Wire & Cable

+11.4

+5.0

Power Wire & Cable

+7.0

+2.4

Builder's Hardware

+2.8

-0.2

Plumbing Fixtures

+3.9

+1.3

Furnaces and Heaters

+2.5

+3.2

Sheet Metal Products

+2.3

+1.1

Electrical Lighting Fixtures

+3.1

0.0

Nails

-1.8

+2.0

Major Appliances

+0.2

+0.5

Ready-Mix Concrete

+1.7

+0.2

Asphalt Roofing & Siding

+0.7

-0.8

Gypsum Products

+3.5

-0.5

Insulation

+4.7

-1.2

Production Is Up, Prices Are Up — What Breaks First?

The U.S. construction industry is navigating a paradox: production capacity is expanding, yet costs continue to rise. This dual escalation is unsustainable, prompting industry leaders to question which will falter first—production or pricing.​ In 2025, the construction sector is experiencing robust growth. According to a report by Research and Markets, the U.S. construction market is projected to expand at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2029, reaching approximately $1.59 trillion by 2029. This growth is fueled by increased demand in residential, commercial, and infrastructure projects.​

Continue reading this article.

20-City Average Cost Indexes, Wages, Prices

ENR publishes both a Construction Cost Index and Building Cost index that reports the average national price by surveying 20 major cities across the United States. These figures report the national average change of cost over the last month.

CONCRETE BLOCK

+1.1%

READY MIX CONCRETE

0.0

ASPHALT PAVING

-0.3

PORTLAND CEMENT

+6.9

ALUMINIUM SHEET

+0.1%

REINFORCING BARS

-1.5%

WIDE FLANGE

+0.4%

STAINLESS-STEEL SHEET

+3.3%

CORRUGATED-STEEL PIPE

-1.2%

DUCTILE-IRON PIPE

+2.5%

PVC WATER PIPE

+0.6%

REINFORCED CONCRETE PIPE

-2.2%

GYPSUM WALLBOARD

-0.3%

PARTICLE BOARD

+1.2%

PLYWOOD

+1.5%

LUMBER

+2.0%

Sources

Paragon compiles the latest and most accurate information. It’s worth noting, some sources release data more or less frequently.

May 2025: Construction Materials Price Report

Private Construction Delays and Abandonments Surge

The private construction sector is showing signs of serious strain. According to ConstructConnect’s latest Project Stress Index report, private project abandonments are nearing multi-year highs, while delayed bids and on-hold developments continue to rise. Over the past 12 months, private construction projects placed on hold have jumped a staggering 40%, and abandonments are up 14.1%. In April 2025 alone, the Project Stress Index rose 1.5%, signaling a significant increase in project disruptions. The index, which measures stalled, delayed, or abandoned projects across the U.S. construction landscape, now sits 16% higher than 2021 baseline levels. This upward trend is being driven largely by private sector activity, which has diverged sharply from the steadier public sector.

Cash Flow Challenges Continue to Undercut Subcontractor Growth

A new industry report highlights a persistent threat facing the construction sector: subcontractors’ cash flow problems are not just lingering—they're getting worse. Billd’s 2025 National Subcontractor Market Report, based on surveys from over 800 subcontractors, general contractors, and suppliers, paints a concerning picture. Slow payments, tight margins, and a lack of working capital are hampering the financial health and growth prospects of a critical segment of the construction workforce.

California Becomes the World’s Fourth-Largest Economy — But Risks Loom Ahead

California has officially overtaken Japan to become the world’s fourth-largest economy, according to new data released by the International Monetary Fund and the U.S. Bureau of Economic Analysis. With a nominal GDP of $4.1 trillion, the Golden State now trails only the United States, China, and Germany on the global economic stage. Governor Gavin Newsom celebrated the milestone, citing California’s dynamic industries—from tech and agriculture to entertainment and manufacturing—as the foundation for its global rise. “California isn’t just keeping pace with the world—we’re setting the pace,” Newsom said in a statement.

California’s 2025 Energy Code: What Builders and Developers Need to Know Now

Major changes are coming to California’s construction industry. The California Energy Commission (CEC) has officially adopted the 2025 Building Energy Efficiency Standards (Title 24, Part 6), set to take effect on January 1, 2026. Focused on electrification, decarbonization, and indoor air quality, these updates will significantly impact how new projects are designed, built, and delivered. For developers, contractors, and project managers working in California’s highly regulated market, early preparation is essential. Here’s what you need to know to stay ahead.

Sources

Paragon compiles the latest and most accurate information. It’s worth noting, some sources release data more or less frequently.

Commodity

12 Month % Change

1 Month % Change

Softwood Lumber

+8.6

-2.6

Hardwood Lumber

+4.6

0.0

General Millworks

+0.9

+0.3

Soft Plywood Products

-6.2

-2.0

Hot Rolled Steel

-11.9

0.0

Copper Wire & Cable

+11.4

+5.0

Power Wire & Cable

+7.0

+2.4

Builder's Hardware

+2.8

-0.2

Plumbing Fixtures

+3.9

+1.3

Furnaces and Heaters

+2.5

+3.2

Sheet Metal Products

+2.3

+1.1

Electrical Lighting Fixtures

+3.1

0.0

Nails

-1.8

+2.0

Major Appliances

+0.2

+0.5

Ready-Mix Concrete

+1.7

+0.2

Asphalt Roofing & Siding

+0.7

-0.8

Gypsum Products

+3.5

-0.5

Insulation

+4.7

-1.2

Production Is Up, Prices Are Up — What Breaks First?

The U.S. construction industry is navigating a paradox: production capacity is expanding, yet costs continue to rise. This dual escalation is unsustainable, prompting industry leaders to question which will falter first—production or pricing.​ In 2025, the construction sector is experiencing robust growth. According to a report by Research and Markets, the U.S. construction market is projected to expand at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2029, reaching approximately $1.59 trillion by 2029. This growth is fueled by increased demand in residential, commercial, and infrastructure projects.​

Continue reading.

20-City Average Cost Indexes, Wages, Prices

ENR publishes both a Construction Cost Index and Building Cost index that reports the average national price by surveying 20 major cities across the United States. These figures report the national average change of cost over the last month.

CONCRETE BLOCK

+1.1%

READY MIX CONCRETE

0.0

ASPHALT PAVING

-0.3

PORTLAND CEMENT

+6.9

ALUMINIUM SHEET

+0.1%

REINFORCING BARS

-1.5%

WIDE FLANGE

+0.4%

STAINLESS-STEEL SHEET

+3.3%

CORRUGATED STEEL PIPE

-1.2%

DUCTILE-IRON PIPE

+2.5%

PVC WATER PIPE

+0.6%

REINFORCED CONCRETE PIPE

-2.2%

GYPSUM WALLBOARD

-0.3%

PARTICLE BOARD

+1.2%

PLYWOOD

+1.5%

LUMBER

+2.0%

May 2025: Construction Materials Price Report

Conclusion

The construction industry is sending a clear message in 2025: growth alone isn’t enough. Capacity is expanding, pipelines are full—but costs continue to climb. This dual escalation isn’t sustainable, and the question isn’t if pressure will break the system—it’s where. Private sector volatility is already testing that threshold. Project abandonments are spiking, subcontractors are squeezed, and capital is tightening at the bottom of the chain. At the same time, California is doubling down on regulation, with new building codes reshaping what compliance looks like just months from now. This is the moment where leaders separate from the field. The builders who are thriving aren’t betting on volume. They’re designing for code shifts before they happen. They’re protecting margins by hardening procurement. They’re empowering subcontractors, not draining them. They’re aligning with partners who see risk coming and build through it. And they’re doing it now. At Paragon Construction Consulting, we don’t see this as a storm to ride out—we see it as a recalibration of what excellence requires. Precision. Preparedness. Execution without excuse. This is a defining window for our industry. Those who adapt with discipline—who lead with clarity and act decisively—will be the ones building the next generation of cities, campuses, and communities. Let’s shape that future—together.

Jeff Hall
President & CEO
Jeff Hall
President & CEO

Online

Get in Touch