As Q2 2025 wraps up, construction costs remain stable overall. Material prices—especially for steel, concrete, and electrical systems are no longer climbing at the pace seen in recent years. Labor shortages persist across many markets, particularly for specialized trades, continuing to impact schedules and budgets. On average, hangar construction cost escalation is holding steady depending on location, complexity, and materials.
Sources: Building Cost Index and Cement, ENR Construction Economics Report. One Year Steel Market Data, Trading Economics. One Year Concrete, FRED Economic Data, Producer Price Index by Industry: Concrete Contractors, Nonresidential Building Work. Structural Steel and Softwood Lumber Material Forecasts, S&P Global Market Intelligence.Five-Year Industry Trend, FRED Economic Data, Producer Price Index by Industry: New Warehouse Building Construction
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