Utility Dive•27 days ago
Tariffs lifted nonresidential construction costs 3.2% in 2025
- •Nonresidential construction costs are projected to increase by 3.2% in 2025 due to tariffs.
- •Key materials experienced significant year-over-year price increases in December: copper wire and cable jumped 22%, while iron and steel were up 12%.
- •Trade policy is expected to continue exerting upward pressure on material costs in 2026, impacting developers and large power consumers.
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