Cushman & Wakefield: U.S. construction costs shift from labor to materials
A Cushman & Wakefield report says construction input pressures are shifting from labor to materials as construction-related commodity prices rise 13.3% year-over-year, tied to tariffs, metals supply constraints, and demand from data centers and infrastructure projects.
S. 3% year-over-year (YOY), according to Cushman & Wakefield. The company said tariffs, metals supply constraints and demand from data centers and infrastructure projects are pushing input costs higher.