Construction Economics
ENR’s 20-city average cost indexes, wages and materials prices. Historical data for ENR’s 20 cities can be found at ENR.com/economics
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BY DOCUMENT CRUNCH
Construction Starts Regional growth trends vs. national trends
The total dollar value of new construction starts in New Mexico in February was 49.9% below February 2024’s level, according to Dodge Construction Network. The residential sector fell 1.4%, while non-residential declined 1.8%. Non-building starts decreased 69% in the same time period.
ENR’s Materials Prices For June 2025
The price for sheet metal rose 1.1% in April following an increase of 1.4% in March, according to the Bureau of Labor Statistics’ producer price index. The annual index in sits at 2.5%, up from 1.2%. ENR’s 20-city average monthly price for hot-rolled carbon-steel plate experienced a 3.5% increase in June, while yearly prices decreased 2.5%. Prices for all types of stainless-steel sheet experienced both monthly and yearly increases in June, according to ENR’s data. Monthly prices for reinforcing bars rose 2.1%, while yearly prices declined 15.1%.
Structural Steel, Rebar, Building Sheet, Piling For June 2025
City prices reflect quotes from single sources and can be volatile. They are not meant to be the prevailing price for a city. Data are a mix of list and transaction prices and may include ENR estimates. Do not compare prices between locations. Use city information to analyze national trends.
