Construction cost inflation continues to cool, according to the Q2 2025 Quarterly Construction Cost Report from Rider Levett Bucknall (RLB). The report shows year-over-year cost growth dropped to 4.4% in April 2025, compared to 5.42% in the same period last year.
The report provides a data-driven snapshot of current construction trends across North America, aimed at helping project owners and stakeholders plan more confidently amid broader market uncertainty.
While overall economic indicators such as GDP and architectural billings have declined, RLB notes that construction activity remains comparatively strong. Sectors like data centers and industrial manufacturing are outperforming others, suggesting focused opportunities for strategic investment.
RLB leaders say that despite continued volatility in some markets, the construction sector offers relative stability. With inflation slowing and certain sectors showing resilience, the report encourages stakeholders to rely on current cost data when making investment and planning decisions.
The Q2 2025 report is part of an ongoing quarterly series that tracks cost trends across major U.S. cities.
