Prepared by KOW Building Consultants | Use this data at your own risk   Overall Concern Level: High Due to persistent geopolitical tensions (Iran conflict), unresolved EU tariffs , and rising oil prices, cost uncertainty remains elevated in the U.S. construction sector. Construction Cost Impacts from 2025 Tariffs: Building Type Estimated Cost Increase Change from Last Week Wood-Framed 3% – 5% 0% Poured-in-Place Concrete 5% – 8% 0% Structural Steel 8% – 12% 0% These estimates

Due to escalating geopolitical tensions, evolving trade agreements, and newly imposed tariffs, construction cost uncertainty remains high across the United States. This week’s update highlights the key developments driving material prices and outlines what construction lenders, developers, and contractors should monitor next.

With the 90-day trade truce between the U.S. and China still in effect, pressure from aggressive tariffs has eased—but uncertainty remains high. While some material prices are stabilizing, underlying supply chain issues and rising labor costs continue to drive project risk.