Construction Costs in 2025: The Good, The Bad, and What’s Ahead
By Thad Berkes
February 4, 2025Post Tagged in
As we enter 2025, we’re faced with both positive and challenging news in the construction industry.
Let’s begin with the good news: construction costs, including materials and demand, have leveled off from last year, offering some predictability moving into the new year. But the bad news? Don’t expect borrowing costs to drop anytime soon. With the Federal Reserve pausing interest rates around 4.5%, borrowing will likely remain costly throughout the year. Let’s dive into the key factors we’re watching at the start of 2025.