In Q1 2022, the average for U.S. building materials increased by 4.9%. For labor, the average wage rate increased by 1.0%, based on construction trade contracts that were renewed during the quarter.
The average change for Canadian building materials increased by 3.1% over the quarter, for labor, the average wage rate increased by 0.1%, based on construction trade contracts that were renewed during the quarter.| United States | Canada | |||
| Quarter | Year | Quarter | Year | |
| Aluminum Conduit | 3.5% | 30.8% | 2.9% | 14.7% |
| Asphalt Shingles | 3.5% | 10.7% | 3.4% | 9.7% |
| Concrete Block | 4.2% | 9.7% | 2.8% | 7.4% |
| Drywall | 5.4% | 12.7% | 4.1% | 7.4% |
| Felt Paper | 4.0% | 12.9% | 5.0% | 13.3% |
| Galvanized Pipe | 4.1% | 44.7% | 1.5% | 31.1% |
| Lumber | 3.8% | 24.4% | -2.9% | 3.3% |
| Plywood | -3.2% | 49.0% | -7.2% | 31.0% |
| Ready Mix | 2.2% | 8.1% | 2.5% | 8.3% |
| Rebar | 2.5% | 30.1% | 1.7% | 25.1% |
| Steel Deck | 4.1% | 50.4% | 4.0% | 24.3% |
| Steel Stud | 18.2% | 65.3% | 15.9% | 41.7% |
| Structural Steel | 8.9% | 40.9% | 6.1% | 26.2% |
| 1/2″ Copper Pipe | 7.5% | 76.6% | 8.9% | 45.6% |
| National Average | Commercial | Agricultural |
| United States | 3.7% | 3.3% |
| Canada | 3.3% | 2.9% |
In Q1 2022, the average for U.S. building materials increased by 4.9%. For labor, the average wage rate increased by 1.0%, based on construction trade contracts that were renewed during the quarter.
CoreLogic monitors a wide variety of construction materials for the commercial and agricultural building industry. A snapshot of some of the most common material elements is listed below:
| US Quarterly Material Cost Changes | 4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 |
| Aluminum Conduit | 0.6 | 0.6 | 1.0 | -1.0 | 2.0 | 2.1 | 7.2 | 5.7 | 11.5 | 3.5 |
| Concrete Block | 0.8 | 1.0 | 0.7 | 0.6 | 0.7 | -0.4 | 0.5 | 2.3 | 2.4 | 4.2 |
| Drywall | 0.7 | -0.5 | -0.1 | 0.0 | 0.7 | -0.1 | 1.5 | 1.4 | 3.8 | 5.4 |
| Galvanized Pipe | 0.5 | 0.5 | 0.5 | 0.6 | 0.3 | 0.0 | 2.3 | 13.6 | 19.6 | 4.1 |
| Ready Mix | 0.9 | 0.7 | 1.0 | 0.2 | 1.7 | 0.6 | 1.7 | 1.5 | 2.4 | 2.2 |
| Rebar | -0.1 | 0.8 | -0.1 | 0.4 | 0.1 | 0.6 | 3.2 | 8.3 | 13.5 | 2.5 |
| Steel Deck | 0.0 | 0.4 | 0.6 | 0.1 | 0.8 | 0.6 | 2.6 | 9.7 | 28.3 | 4.1 |
| Steel Stud | 1.5 | 0.2 | 0.6 | 0.6 | 0.8 | 0.4 | 5.4 | 11.2 | 19.4 | 18.2 |
| Structural Steel | -0.8 | -0.3 | -0.8 | -0.1 | 0.3 | 0.6 | 5.6 | 8.3 | 13.1 | 8.9 |
| ½” Cooper Pipe | -1.4 | -0.4 | -0.4 | -0.3 | 0.3 | 1.0 | 11.6 | 19.9 | 22.8 | 7.5 |
The table below provides a state by state snapshot of the changes in reconstruction costs for commercial and agricultural buildings.
| State | Commercial | Agricultural |
| Alabama | 3.97% | 3.55% |
| Arizona | 4.10% | 3.90% |
| Arkansas | 4.16% | 3.93% |
| California | 3.68% | 3.17% |
| Colorado | 3.63% | 3.96% |
| Connecticut | 3.69% | 2.86% |
| Delaware | 3.80% | 2.62% |
| District of Columbia | 3.10% | 2.21% |
| Florida | 3.77% | 3.49% |
| Georgia | 4.35% | 3.63% |
| Idaho | 4.80% | 4.67% |
| Illinois | 2.74% | 2.28% |
| Indiana | 3.30% | 2.67% |
| Iowa | 3.70% | 3.42% |
| Kansas | 3.61% | 3.67% |
| Kentucky | 3.99% | 3.74% |
| Louisiana | 3.15% | 2.23% |
| Maine | 3.35% | 2.81% |
| Maryland | 3.61% | 3.24% |
| Massachusetts | 3.61% | 2.72% |
| Michigan | 3.58% | 3.24% |
| Minnesota | 3.30% | 3.22% |
| Mississippi | 4.46% | 3.63% |
| Missouri | 3.22% | 3.51% |
| Montana | 3.10% | 3.15% |
| Nebraska | 3.22% | 3.34% |
| Nevada | 4.5% | 3.80% |
| New Hampshire | 3.85% | 2.96% |
| New Jersey | 3.38% | 2.65% |
| New Mexico | 4.00% | 3.47% |
| New York | 3.40% | 3.14% |
| North Carolina | 3.77% | 3.60% |
| North Dakota | 3.59% | 3.22% |
| Ohio | 3.14% | 3.05% |
| Oklahoma | 3.75% | 3.02% |
| Oregon | 4.54% | 4.62% |
| Pennsylvania | 3.50% | 3.11% |
| Rhode Island | 3.15% | 2.32% |
| South Carolina | 4.20% | 3.88% |
| South Dakota | 3.93% | 3.59% |
| Tennessee | 4.04% | 3.42% |
| Texas | 3.81% | 3.47% |
| Utah | 4.61% | 3.83% |
| Vermont | 3.73% | 2.01% |
| Virginia | 3.23% | 3.28% |
| Washington | 5.12% | 4.39% |
| West Virginia | 2.44% | 2.41% |
| Wisconsin | 3.27% | 3.15% |
| Wyoming | 4.02% | 3.67% |
| Alaska | 3.28% | 3.85% |
| Hawaii | 3.76% | 2.82% |
Q1 2022 United States
Agricultural Building Construction Index
The average change for Canadian building materials increased by 3.1% over the quarter, for labor, the average wage rate increased by 0.1%, based on construction trade contracts that were renewed during the quarter.
Canada Quarterly Material Cost Changes | 4Q19 | 1Q20 | 2Q20 | 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 |
| Aluminum Conduit | 1.5 | 0.8 | 1.1 | 0.1 | 0.6 | 0.0 | 4.5 | 3.4 | 3.1 | 2.9 |
| Concrete Block | 0.7 | 0.7 | 0.4 | 0.1 | 1.1 | 0.1 | 0.6 | 1.7 | 2.2 | 2.8 |
| Drywall | 0.8 | 0.3 | 0.1 | 0.2 | 0.4 | 0.4 | 0.2 | 0.9 | 2.1 | 4.1 |
| Galvanized Pipe | 1.9 | 1.6 | 1.6 | 1.3 | 1.7 | 1.5 | 1.9 | 7.6 | 17.8 | 1.5 |
| Ready Mix | 1.1 | 0.0 | 2.2 | 1.5 | 2.5 | 2.0 | 2.3 | 1.0 | 2.1 | 2.5 |
| Rebar | -1.6 | -0.6 | -1.1 | 0.2 | -0.5 | 0.2 | 2.0 | 3.9 | 16.1 | 1.7 |
| Steel Deck | 0.8 | 1.7 | 0.8 | 1.1 | 1.4 | 0.4 | 2.7 | 4.3 | 11.7 | 4.0 |
| Steel Stud | 0.7 | 0.9 | 0.9 | 1.0 | 0.8 | 0.4 | 1.7 | 7.6 | 11.8 | 15.9 |
| Structural Steel | 0.3 | 0.5 | 0.6 | 0.3 | 0.2 | 0.3 | 3.6 | 4.2 | 10.1 | 6.1 |
| ½” Cooper Pipe | 1.0 | 1.8 | 1.5 | 0.4 | 0.5 | 0.2 | 2.2 | 9.5 | 19.5 | 8.9 |
The table below provide a province by province snapshot of the changes in reconstruction costs for commercial and agricultural buildings.
| Province | Commercial | Agricultural |
| Alberta | 3.09% | 2.38% |
| British Columbia | 3.31% | 2.47% |
| Manitoba | 3.88% | 3.53% |
| New Brunswick | 3.38% | 3.75% |
| Nova Scotia | 3.55% | 3.04% |
| Ontario | 2.89% | 2.52% |
| Quebec | 3.20% | 2.98% |
| Saskatchewan | 3.86% | 3.16% |
| Newfoundland and Labrador | 3.64% | 2.66% |
| Prince Edward Island | 5.39% | 4.46% |
Q1 2022 Canada
Agricultural Building Construction Index
