On April 23, 2026, the General Services Administration awarded a $75 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract for general construction services with design-build capabilities in Pennsylvania, New Jersey, and Delaware. Six awardees were selected for this contract.

In July 2026, Bay Area construction material prices and labor rates experienced notable increases. Lumber prices reached $547 per thousand board feet, up 12.4% year-over-year. Structural steel was priced at $1,135 per ton, a 16% increase. Copper prices rose to $4.85 per pound, up 36%. Concrete averaged $215 per cubic yard, an 8.2% increase. Electrician labor rates ranged from $92 to $115 per hour, a 6.5% rise.

The producer price index for inputs to new nonresidential construction increased by 7.1% from June 2025 to June 2026, despite a 0.5% decline in June 2026. This annual rise is approximately double the 3.5% increase in contractors' bid prices for new nonresidential buildings, indicating that contractors are absorbing much of the materials cost increases.

As of July 21, 2026, framing lumber prices reached $646 per thousand board feet, marking a 1.57% increase from the previous month. This rise is attributed to the expiration of the USMCA review deadline, affecting 25% of the U.S. softwood supply, and a 19% surge in June housing starts to a 1.43 million annualized rate.

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Texas Department of Transportation (TxDOT) awarded a $115M contract for the I-35 widening project in Austin to Flatiron Construction.

Latest industry report from the Associated General Contractors of America (AGC) regarding labor shortages and wage growth trends in Q3 2026.

General contractor bid results for the St. Louis Lambert International Airport terminal expansion package, which saw bids ranging from $412M to $448M.

In August 2025, the producer price index for materials and services used in nonresidential construction rose 0.2% for the month and 2.5% from August 2024, driven by significant increases in steel and aluminum prices due to new tariffs.

In August 2025, construction input prices increased by 0.2% compared to the previous month, with iron and steel prices rising 9.2% year-over-year.

As of July 15, 2026, the producer price index for inputs to new nonresidential construction increased by 7.1% from June 2025 to June 2026, despite a 0.5% decline in June 2026.

On May 29, 2026, NASA selected seven companies to provide construction and infrastructure improvements at Johnson Space Center in Houston, with a total contract value of up to $300 million.

On July 13, 2026, Lunda Construction was awarded a $33,446,403 contract by the Minnesota Department of Transportation for Project SP 2758-75, involving grading, surfacing, guardrail installation, lighting, and rehabilitation of 10 bridges on Highway 77.

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Softwood lumber prices have stabilized following volatility in early July, with Random Lengths framing lumber composite index reporting marginal gains of 0.5% in the last 14 days.

The Associated General Contractors of America (AGC) released its mid-summer outlook highlighting labor shortages and interest rate impacts on non-residential construction starts.

The Bureau of Labor Statistics and industry reports from late July 2026 indicate a 1.2% month-over-month decline in steel mill product prices as demand softens in the commercial sector.

On July 14, 2026, Paramount Construction Group, LLC received a $2,317,700 contract from the Department of Veterans Affairs for a project in Mississippi.

The producer price index for inputs to new nonresidential construction climbed 7.1% from June 2025 to June 2026, despite a 0.5% decline in June 2026.

As of July 21, 2026, framing lumber prices increased by 1.57% to approximately $646 per thousand board feet, influenced by the expiration of the USMCA and a 19% surge in housing starts.

On July 23, 2026, J.E. Dunn Construction Company was awarded a $151,470,288 contract by the General Services Administration for a project in Colorado.

AGC report indicates a 2% increase in construction labor rates nationwide in July 2026.

Lumber prices decreased to $540 per thousand board feet, down 3% from mid-July.