Global prices for construction materials decreased 1.1% in June, month over month, according to producer price index data recently released by the US Bureau of Labor Statistics. In annual terms, prices are 7.6% higher than those recorded in June 2025.
Entry prices for non-residential construction followed a similar trend, down 1.1% from May, but up 7.4% year-on-year. Monthly oil prices fell 12.1%, while annual prices are still 41.3% higher than last June. Prices of products affected by the tariffs, such as hot-rolled steel bars, structural sheets and profiles, and steel products rose during the month at a rate of 5.8% and 3.6%, respectively.
“Aggregate construction input prices retreated in June due to the sharp decline in oil prices that occurred over the course of the month,” Anirban Basu, chief economist at Associated Builders and Contractors, said in a statement. “Despite this decline, however, the escalation in materials prices is likely to continue over the coming months.”
Looking ahead, Basu adds, “higher input costs are likely to weigh on profitability in the second half of 2026.”
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