The cost of building homes rose by 1.4% in the third quarter of 2025. This was slightly below last year’s 1.6% increase. Prices are still rising, but at a slower pace.

Wages drove most of the cost growth, increasing by 6.6%. Machinery expenses followed with a 2.4% rise, and transportation costs grew by 1.7%.

Material prices fell by 0.6%. Lower costs for construction materials, electrical and communication supplies, and plumbing and ventilation products caused the drop.

Compared with the previous quarter, overall costs increased slightly by 0.4%. Wages went up 1.1%, transportation 0.8%, and machinery 0.5%. Other costs rose by 0.1%.

Material expenses declined by 0.1%. Construction materials pushed costs down, while electrical and plumbing supplies increased slightly.