United States | Canada | |||
Quarter | Year | Quarter | Year | |
Aluminum Conduit | -1.0% | 1.2% | 0.1% | 3.5% |
Asphalt Shingles | 0.3% | 2.1% | 0.0% | 3.7% |
Concrete Block | 0.6% | 3.0% | 0.1% | 1.9% |
Drywall | 0.0% | 0.1% | 0.2% | 1.5% |
Felt Paper | 0.1% | 0.7% | 0.8% | 4.9% |
Galvanized Pipe | 0.6% | 2.1% | 1.3% | 6.7% |
Lumber | 2.8% | 4.7% | 1.6% | -1.0% |
Plywood | 2.5% | -2.8% | 0.1% | -5.6% |
Ready Mix | 0.2% | 2.8% | 1.5% | 4.9% |
Rebar | 0.4% | 1.0% | 0.2% | -3.1% |
Steel Deck | 0.1% | 1.0% | 1.1% | 4.5% |
Steel Stud | 0.6% | 3.0% | 1.0% | 3.5% |
Structural Steel | -0.1% | -2.0% | 0.3% | 1.8% |
1/2″ Copper Pipe | -0.3% | -2.4% | 0.4% | 4.8% |
National Average | Commercial | Agricultural |
United States | 0.9% | 0.8% |
Canada | 0.4% | 0.3% |
US Quarterly Material Cost Changes | ||||||||
4Q18 | 1Q19 | 2Q19 | 3Q19 | 4Q19 | 1Q20 | 2Q20 | 3Q20 | |
Aluminum Conduit | 1.0 | 1.7 | 1.4 | 0.1 | 0.6 | 0.6 | 1.0 | -1.0 |
Concrete Block | 0.2 | 0.8 | 1.1 | 0.4 | 0.8 | 1.0 | 0.7 | 0.6 |
Drywall | 1.2 | -0.3 | -0.1 | 0.3 | 0.7 | -0.5 | -0.1 | 0.0 |
Galvanized Pipe | 1.9 | 1.9 | 1.1 | 0.8 | 0.5 | 0.5 | 0.5 | 0.6 |
Ready Mix | 0.1 | 0.3 | 1.6 | 1.5 | 0.9 | 0.7 | 1.0 | 0.2 |
Rebar | 1.4 | 0.6 | -0.4 | 0.5 | -0.1 | 0.8 | -0.1 | 0.4 |
Steel Deck | 1.7 | 1.0 | 0.5 | -0.3 | 0.0 | 0.4 | 0.6 | 0.1 |
Steel Stud | 2.4 | 1.0 | -0.6 | 0.1 | 1.5 | 0.2 | 0.6 | 0.6 |
Structural Steel | 1.1 | -0.1 | -0.5 | -1.3 | -0.8 | -0.3 | -0.8 | -0.1 |
½” Cooper Pipe | -1.1 | -1.0 | 0.1 | -0.3 | -1.4 | -0.4 | -0.4 | -0.3 |
State | Commercial | Agricultural |
Alabama | 0.85% | 0.90% |
Arizona | 1.07% | 1.03% |
Arkansas | 0.77% | 0.35% |
California | 0.98% | 0.74% |
Colorado | 1.14% | 0.64% |
Connecticut | 0.85% | 0.54% |
Delaware | 0.95% | 0.20% |
District of Columbia | 0.53% | 0.10% |
Florida | 0.38% | 0.16% |
Georgia | 1.87% | 1.94% |
Idaho | 1.95% | 2.01% |
Illinois | 0.38% | 0.24% |
Indiana | 0.74% | 0.74% |
Iowa | 1.14% | 1.32% |
Kansas | 1.63% | 1.68% |
Kentucky | 0.87% | 0.52% |
Louisiana | 0.80% | 0.70% |
Maine | 1.24% | 0.76% |
Maryland | 0.99% | 0.73% |
Massachusetts | 1.44% | 1.48% |
Michigan | 0.55% | 0.53% |
Minnesota | 1.19% | 0.78% |
Mississippi | 1.08% | 0.97% |
Missouri | 1.10% | 0.78% |
Montana | 1.68% | 1.58% |
Nebraska | 0.81% | 0.92% |
Nevada | 0.68% | 0.89% |
New Hampshire | 1.57% | 1.56% |
New Jersey | 1.68% | 1.92% |
New Mexico | 0.58% | 0.37% |
New York | 0.78% | 0.67% |
North Carolina | 1.26% | 0.76% |
North Dakota | 0.62% | 0.73% |
Ohio | 0.08% | -0.04% |
Oklahoma | 0.90% | 0.71% |
Oregon | 1.00% | 0.91% |
Pennsylvania | 0.39% | 0.35% |
Rhode Island | 0.89% | 0.10% |
South Carolina | 0.43% | 0.55% |
South Dakota | 1.33% | 1.06% |
Tennessee | 0.72% | 0.97% |
Texas | 0.92% | 0.63% |
Utah | 2.76% | 1.90% |
Vermont | 1.59% | 2.20% |
Virginia | 1.06% | 1.08% |
Washington | 0.43% | 0.50% |
West Virginia | 0.34% | 0.27% |
Wisconsin | 0.42% | 0.23% |
Wyoming | 1.78% | 1.19% |
Alaska | 0.62% | 0.36% |
Hawaii | 1.27% | 1.70% |
Canada Quarterly Material Cost Changes | ||||||||
4Q18 | 1Q19 | 2Q19 | 3Q19 | 4Q19 | 1Q20 | 2Q20 | 3Q20 | |
Aluminum Conduit | -0.5 | 1.6 | 1.8 | 1.9 | 1.5 | 0.8 | 1.1 | 0.1 |
Concrete Block | 0.7 | 0.3 | 2.1 | 1.1 | 0.7 | 0.7 | 0.4 | 0.1 |
Drywall | 1.1 | 2.1 | 2.0 | 1.2 | 0.8 | 0.3 | 0.1 | 0.2 |
Galvanized Pipe | -0.3 | 0.5 | 1.9 | 1.2 | 1.9 | 1.6 | 1.6 | 1.3 |
Ready Mix | -0.1 | 0.7 | 2.4 | 0.8 | 1.1 | 0.0 | 2.2 | 1.5 |
Rebar | 1.2 | 0.1 | -0.7 | -1.6 | -1.6 | -0.6 | -1.1 | 0.2 |
Steel Deck | 0.3 | 0.1 | 1.1 | 0.9 | 0.8 | 1.7 | 0.8 | 1.1 |
Steel Stud | 2.0 | 2.4 | 2.0 | 1.1 | 0.7 | 0.9 | 0.9 | 1.0 |
Structural Steel | 0.9 | 0.8 | -0.6 | 0.8 | 0.3 | 0.5 | 0.6 | 0.3 |
½” Cooper Pipe | 0.0 | 1.8 | 2.2 | 0.4 | 1.0 | 1.8 | 1.5 | 0.4 |
Province | Commercial | Agriculture |
Alberta | 0.41% | 0.40% |
British Columbia | 1.18% | 0.84% |
Manitoba | -0.20% | -0.06% |
New Brunswick | 0.39% | 0.46% |
Nova Scotia | 0.26% | 0.03% |
Ontario | 0.43% | 0.33% |
Quebec | 0.21% | 0.08% |
Saskatchewan | 0.62% | 0.67% |
Newfoundland and Labrador | 0.09% | 0.05% |
Prince Edward Island | 0.76% | 0.60% |
CoreLogic is aware of increasing lumber prices currently happening in the United States. Please note that the Q4 2020 delivery represents the change in material and labor as of September 1st, 2020. Our research shows that lumber increases started in the second half of September. Therefore, if lumber prices continue to increase through the end of the year the cost increases will not be fully realized in the Q4 2020 delivery but the Q1 2021 delivery. CoreLogic researches cities throughout the United States and Canada on a rolling monthly basis and provides updated costs for the entire United States and Canada on a quarterly basis. The Q4 2020 delivery is the change in costs from Q3 2020, which is represents material and labor costs as of June 1st, 2020. CoreLogic will provide any additional communications as needed as we continue our research.