In Q3 2021, the average for U.S. building materials increased by 24.8%. For labor, the average wage rate increased by 0.8%, based on construction trade contracts that were renewed during the quarter.
The average change for Canadian building materials increased by 16.6% over the quarter, for labor, the average wage rate increased by 0.3%, based on construction trade contracts that were renewed during the quarter.
United States | Canada | |||
Quarter | Year | Quarter | Year | |
Aluminum Conduit | 5.7% | 18.1% | 3.4% | 8.6% |
Asphalt Shingles | 2.1% | 4.2% | 1.5% | 2.7% |
Concrete Block | 2.3% | 3.1% | 1.7% | 3.5% |
Drywall | 1.4% | 3.5% | 0.9% | 1.9% |
Felt Paper | 2.8% | 4.3% | 2.7% | 4.4% |
Galvanized Pipe | 13.6% | 16.6% | 7.6% | 13.1% |
Lumber | 28.4% | 136.8% | 30.7% | 169.4% |
Plywood | 60.2% | 213.5% | 42.1% | 150.7% |
Ready Mix | 1.5% | 5.7% | 1.0% | 8.1% |
Rebar | 8.3% | 12.6% | 3.9% | 5.7% |
Steel Deck | 9.7% | 14.1% | 4.3% | 8.9% |
Steel Stud | 11.2% | 18.6% | 7.6% | 10.7% |
Structural Steel | 8.3% | 15.4% | 4.2% | 8.5% |
1/2″ Copper Pipe | 19.9% | 35.6% | 9.5% | 12.6% |
National Average | Commercial | Agricultural |
United States | 8.1% | 7.0% |
Canada | 7.8% | 6.5% |
US Quarterly Material Cost Changes | 2Q19 | 3Q19 | 4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 |
Aluminum Conduit | 1.4 | 0.1 | 0.6 | 0.6 | 1.0 | -1.0 | 2.0 | 2.1 | 7.2 | 5.7 |
Concrete Block | 1.1 | 0.4 | 0.8 | 1.0 | 0.7 | 0.6 | 0.7 | -0.4 | 0.5 | 2.3 |
Drywall | -0.1 | 0.3 | 0.7 | -0.5 | -0.1 | 0.0 | 0.7 | -0.1 | 1.5 | 1.4 |
Galvanized Pipe | 1.1 | 0.8 | 0.5 | 0.5 | 0.5 | 0.6 | 0.3 | 0.0 | 2.3 | 13.6 |
Ready Mix | 1.6 | 1.5 | 0.9 | 0.7 | 1.0 | 0.2 | 1.7 | 0.6 | 1.7 | 1.5 |
Rebar | -0.4 | 0.5 | -0.1 | 0.8 | -0.1 | 0.4 | 0.1 | 0.6 | 3.2 | 8.3 |
Steel Deck | 0.5 | -0.3 | 0.0 | 0.4 | 0.6 | 0.1 | 0.8 | 0.6 | 2.6 | 9.7 |
Steel Stud | -0.6 | 0.1 | 1.5 | 0.2 | 0.6 | 0.6 | 0.8 | 0.4 | 5.4 | 11.2 |
Structural Steel | -0.5 | -1.3 | -0.8 | -0.3 | -0.8 | -0.1 | 0.3 | 0.6 | 5.6 | 8.3 |
½” Cooper Pipe | 0.1 | -0.3 | -1.4 | -0.4 | -0.4 | -0.3 | 0.3 | 1.0 | 11.6 | 19.9 |
State | Commercial | Agricultural |
Alabama | 7.65% | 6.99% |
Arizona | 7.57% | 7.57% |
Arkansas | 5.50% | 5.13% |
California | 6.77% | 5.36% |
Colorado | 8.60% | 7.21% |
Connecticut | 5.96% | 6.30% |
Delaware | 9.90% | 9.49% |
District Of Columbia | 5.66% | 5.00% |
Florida | 9.00% | 8.41% |
Georgia | 5.29% | 4.31% |
Idaho | 9.86% | 7.63% |
Illinois | 7.93% | 7.03% |
Indiana | 8.28% | 7.34% |
Iowa | 7.91% | 7.23% |
Kansas | 8.04% | 6.42% |
Kentucky | 7.97% | 7.27% |
Louisiana | 9.00% | 7.85% |
Maine | 6.14% | 6.08% |
Maryland | 8.93% | 7.47% |
Massachusetts | 6.98% | 7.02% |
Michigan | 6.40% | 5.45% |
Minnesota | 8.32% | 7.61% |
Mississippi | 7.83% | 6.90% |
Missouri | 10.14% | 8.02% |
Montana | 9.48% | 8.03% |
Nebraska | 9.13% | 7.82% |
Nevada | 8.20% | 7.27% |
New Hampshire | 5.55% | 4.80% |
New Jersey | 6.59% | 5.69% |
New Mexico | 9.56% | 8.65% |
New York | 5.21% | 4.80% |
North Carolina | 10.38% | 9.33% |
North Dakota | 7.84% | 6.78% |
Ohio | 9.85% | 8.76% |
Oklahoma | 8.19% | 6.53% |
Oregon | 7.29% | 6.32% |
Pennsylvania | 8.02% | 6.92% |
Rhode Island | 9.28% | 8.38% |
South Carolina | 7.63% | 6.83% |
South Dakota | 4.24% | 2.99% |
Tennessee | 8.32% | 7.28% |
Texas | 11.03% | 8.90% |
Utah | 9.74% | 8.70% |
Vermont | 4.53% | 2.80% |
Virginia | 10.07% | 9.10% |
Washington | 10.12% | 8.43% |
West Virginia | 8.07% | 7.05% |
Wisconsin | 8.06% | 6.59% |
Wyoming | 6.42% | 6.16% |
Alaska | 4.73% | 4.15% |
Hawaii | 11.45% | 9.89% |
Canada Quarterly Material Cost Changes | 2Q19 | 3Q19 | 4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 |
Aluminum Conduit | 1.8 | 1.9 | 1.5 | 0.8 | 1.1 | 0.1 | 0.6 | 0.0 | 4.5 | 3.4 |
Concrete Block | 2.1 | 1.1 | 0.7 | 0.7 | 0.4 | 0.1 | 1.1 | 0.1 | 0.6 | 1.7 |
Drywall | 2.0 | 1.2 | 0.8 | 0.3 | 0.1 | 0.2 | 0.4 | 0.4 | 0.2 | 0.9 |
Galvanized Pipe | 1.9 | 1.2 | 1.9 | 1.6 | 1.6 | 1.3 | 1.7 | 1.5 | 1.9 | 7.6 |
Ready Mix | 2.4 | 0.8 | 1.1 | 0.0 | 2.2 | 1.5 | 2.5 | 2.0 | 2.3 | 1.0 |
Rebar | -0.7 | -1.6 | -1.6 | -0.6 | -1.1 | 0.2 | -0.5 | 0.2 | 2.0 | 3.9 |
Steel Deck | 1.1 | 0.9 | 0.8 | 1.7 | 0.8 | 1.1 | 1.4 | 0.4 | 2.7 | 4.3 |
Steel Stud | 2.0 | 1.1 | 0.7 | 0.9 | 0.9 | 1.0 | 0.8 | 0.4 | 1.7 | 7.6 |
Structural Steel | -0.6 | 0.8 | 0.3 | 0.5 | 0.6 | 0.3 | 0.2 | 0.3 | 3.6 | 4.2 |
½” Cooper Pipe | 2.2 | 0.4 | 1.0 | 1.8 | 1.5 | 0.4 | 0.5 | 0.2 | 2.2 | 9.5 |
Province | Commercial | Agricultural |
Alberta | 8.48% | 7.63% |
British Columbia | 6.66% | 5.99% |
Manitoba | 9.95% | 9.29% |
New Brunswick | 11.22% | 10.30% |
Nova Scotia | 1.99% | 1.30% |
Ontario | 9.66% | 8.09% |
Quebec | 8.52% | 6.83% |
Saskatchewan | 3.93% | 2.97% |
Newfoundland and Labrador | 2.38% | 0.61% |
Prince Edward Island | 9.98% | 8.25% |