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Source: EstimationPro.AI, "100+ Construction Cost Statistics (2026)."
https://estimationpro.ai/tools/construction-statistics
Industry Overview
$2.17T
Total U.S. construction spending (2025 annualized)
Source: U.S. Census Bureau, Value of Construction Put in Place
8.2M
Construction industry workers in the United States
Source: BLS Current Employment Statistics, 2025
~4.3%
Construction share of U.S. GDP
Source: Bureau of Economic Analysis, 2024
$580B
Annual residential remodeling market size
Source: Joint Center for Housing Studies, Harvard, 2025
3.9M
Active general contractor businesses in the U.S.
Source: U.S. Census Bureau, County Business Patterns
$1.21T
Residential construction spending (2025)
Source: U.S. Census Bureau, Value of Construction Put in Place
$960B
Nonresidential construction spending (2025)
Source: U.S. Census Bureau, Value of Construction Put in Place
752,000
Construction firms in the United States
Source: U.S. Census Bureau, County Business Patterns, 2023
Remodeling Costs by Project
National average costs for common renovation projects. For region-specific pricing, use the EstimationPro Cost Index or our project-specific calculators.
$20,000
Average mid-range bathroom remodel (national)
Source: EstimationPro Cost Index, 2026
$35K-$75K
Kitchen remodel range (mid-range to upscale)
Source: NAHB / Zonda Cost of Renovation Study, 2024
$15K-$25K
Average deck addition cost
Source: Angi / HomeAdvisor Cost Data, 2025
$8K-$15K
Average roof replacement (asphalt shingles)
Source: EstimationPro Cost Index, 2026
$2-$6/sqft
Interior painting cost per square foot
Source: EstimationPro Cost Index, 2026
$150-$250/sqft
Room addition cost per square foot
Source: NAHB Cost of Construction Survey, 2024
$4K-$10K
Average window replacement (10-15 windows)
Source: Angi / HomeAdvisor Cost Data, 2025
$10K-$20K
Average HVAC system replacement
Source: Energy Star / HomeAdvisor, 2025
$5K-$15K
Average basement finishing (per 500 sqft)
Source: Angi / HomeAdvisor Cost Data, 2025
$3K-$8K
Average garage door replacement (2-car)
Source: Remodeling Magazine Cost vs. Value, 2024
$7K-$12K
Siding replacement (vinyl, 1,500 sqft)
Source: EstimationPro Cost Index, 2026
$2K-$5K
Average fence installation (wood, 150 linear ft)
Source: Angi / HomeAdvisor Cost Data, 2025
Regional Cost Variations
The EstimationPro Cost Index (EPCI) measures relative construction costs across U.S. metro areas, with 100 representing the national average. Explore the full interactive map on our Cost Index page.
EPCI 125
San Jose, CA - Most expensive U.S. metro
Source: EstimationPro Cost Index (EPCI)
EPCI 123
San Francisco, CA
Source: EstimationPro Cost Index (EPCI)
EPCI 118
New York-Newark-Jersey City, NY-NJ-PA
Source: EstimationPro Cost Index (EPCI)
EPCI 115
Seattle-Tacoma-Bellevue, WA
Source: EstimationPro Cost Index (EPCI)
EPCI 113
Boston-Cambridge-Nashua, MA-NH
Source: EstimationPro Cost Index (EPCI)
EPCI 111
Los Angeles-Long Beach-Anaheim, CA
Source: EstimationPro Cost Index (EPCI)
EPCI 110
Washington-Arlington-Alexandria, DC-VA-MD
Source: EstimationPro Cost Index (EPCI)
EPCI 100
National Average (baseline)
Source: EstimationPro Cost Index (EPCI)
EPCI 93
Dallas-Fort Worth-Arlington, TX
Source: EstimationPro Cost Index (EPCI)
EPCI 91
Atlanta-Sandy Springs-Alpharetta, GA
Source: EstimationPro Cost Index (EPCI)
EPCI 88
Memphis, TN-MS-AR
Source: EstimationPro Cost Index (EPCI)
EPCI 87
Birmingham-Hoover, AL - Least expensive tracked metro
Source: EstimationPro Cost Index (EPCI)
Material Price Trends
Commodity and material pricing data from BLS Producer Price Index (PPI) and the EstimationPro pricing database. For real-time trends, use the Construction Cost API.
+3.2%
Lumber and wood products PPI, year-over-year change
Source: BLS Producer Price Index (WPU08), 2025
+5.8%
Copper price increase year-over-year
Source: Alpha Vantage commodity data, 2025
+2.1%
Steel mill products PPI, year-over-year change
Source: BLS Producer Price Index (WPU1017), 2025
+1.4%
Ready-mix concrete PPI, year-over-year change
Source: BLS Producer Price Index (WPU1332), 2025
$150/yd
Average ready-mix concrete, delivered (national)
Source: EstimationPro Cost Index, 2026
$5.90/sqft
Average architectural shingle, installed
Source: EstimationPro Cost Index, 2026
$8-$12/sqft
Engineered hardwood flooring, installed
Source: EstimationPro Cost Index, 2026
$3.50-$5/sqft
Drywall, hung and finished
Source: EstimationPro Cost Index, 2026
$0.75-$1.50/ft
Romex 12/2 electrical wire
Source: EstimationPro Cost Index, 2026
$2-$4/sqft
Standard framing lumber (2x4, 2x6)
Source: EstimationPro Cost Index, 2026
Labor Market
Construction trade wages from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) program. Regional wage data powers our Burdened Labor Rate Calculator.
$25.34/hr
Average carpenter wage (national median)
Source: BLS OEWS, May 2024
$30.22/hr
Average electrician wage (national median)
Source: BLS OEWS, May 2024
$28.76/hr
Average plumber wage (national median)
Source: BLS OEWS, May 2024
$24.18/hr
Average painter wage (national median)
Source: BLS OEWS, May 2024
$26.88/hr
Average HVAC technician wage (national median)
Source: BLS OEWS, May 2024
$22.50/hr
Average roofer wage (national median)
Source: BLS OEWS, May 2024
501,000
Projected construction worker shortfall in 2026
Source: Associated Builders and Contractors, 2025 Workforce Analysis
41%
Construction firms reporting difficulty finding skilled workers
Source: AGC Workforce Survey, 2025
73
Average age when construction workers retire
Source: CPWR, Construction Labor Research, 2024
1 in 4
Construction workers are age 55 or older
Source: BLS Current Population Survey, 2024
Housing Market & ROI
Housing market activity and renovation return-on-investment data. Use our free calculators to estimate project costs for any renovation.
1,487K
Housing starts (seasonally adjusted annual rate)
Source: U.S. Census Bureau / HUD, Jan 2025
1,376K
Building permits issued (seasonally adjusted annual rate)
Source: U.S. Census Bureau / HUD, Jan 2025
$420,400
Median existing home sale price
Source: National Association of Realtors, Dec 2024
72-78%
Minor kitchen remodel ROI (cost vs. value)
Source: Remodeling Magazine Cost vs. Value Report, 2024
60-65%
Bathroom remodel ROI (cost vs. value)
Source: Remodeling Magazine Cost vs. Value Report, 2024
100%+
Garage door replacement ROI (highest payback)
Source: Remodeling Magazine Cost vs. Value Report, 2024
65-75%
Deck addition ROI (wood deck)
Source: Remodeling Magazine Cost vs. Value Report, 2024
57%
Share of renovations funded by savings (vs. financing)
Source: NAHB Remodeling Market Index, 2024
$12,500
Median homeowner renovation spending (annual)
Source: Joint Center for Housing Studies, Harvard, 2024
55%
Homeowners who plan a renovation project in the next 12 months
Source: NAHB Consumer Preferences Survey, 2025
Industry Trends
Technology adoption, sustainability, and workforce trends shaping the construction industry.
85%
Contractors using smartphones for project management
Source: JBKnowledge ConTech Report, 2024
30%
Increase in AI adoption among construction firms (year-over-year)
Source: McKinsey Global Institute, Construction Technology, 2025
$2.1B
Construction tech venture capital investment (2024)
Source: BuiltWorlds, Construction Tech Report, 2024
12%
Growth rate of modular and prefab construction
Source: Modular Building Institute, 2025
48%
New residential builds incorporating green/energy-efficient features
Source: NAHB Green Building Survey, 2024
40%
Reduction in material waste from digital takeoff tools
Source: McKinsey Construction Productivity Report, 2024
23%
Contractors planning to invest in AI/ML tools within 12 months
Source: AGC Technology Survey, 2025
2.5x
Growth of drone usage on construction sites since 2020
Source: DroneDeploy State of the Drone Market, 2024
Data Sources & Methodology
Statistics on this page are compiled from the following sources. All data points include their individual source citations above.
- Bureau of Labor Statistics (BLS): Occupational Employment and Wage Statistics (OEWS), Producer Price Index (PPI), Current Employment Statistics
- U.S. Census Bureau: Value of Construction Put in Place, Housing Starts, Building Permits, County Business Patterns
- National Association of Home Builders (NAHB): Cost of Construction Survey, Green Building Survey, Remodeling Market Index
- Federal Reserve (FRED): Construction spending, housing starts, Case-Shiller index data
- EstimationPro Cost Index (EPCI): Proprietary construction cost index based on BLS wage data, PPI commodity data, and contractor feedback from 385 pricing items across 32 trades
- Industry Reports: Remodeling Magazine Cost vs. Value, Joint Center for Housing Studies (Harvard), McKinsey Global Institute, Associated Builders and Contractors
For a detailed explanation of how we calculate costs and indices, read our Pricing Methodology page.
Need Project-Specific Costs?
Use our free calculators to get detailed cost breakdowns for your specific project, adjusted for your location.