Q4 2025 trends highlight the importance of early planning. Aviation construction costs continue to rise at a steady pace, staying within normal historical ranges despite pressure from tariffs and labor. Overall construction costs are up about 4.2% year over year, driven mostly by skilled labor. While material prices are starting to level out, early decisions about timing, material procurement, and project scope still significantly impact final cost and schedule.
In this steady market, with the possibility of further interest rate cuts, it is a good environment to consider locking in construction pricing prior to 2Q.

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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