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Construction materials costs today, nearly 34% higher than 12 years ago, outpacing inflation growth.

  • ​​​According to JLL’s latest Construction Outlook, construction materials are now 33.7% costlier than in 2005, which is no new revelation to many in the industry. What may be surprising though, is how fast materials costs are growing compared to U.S. inflation, a lead indicator for the economic growth of the U.S.
  • As construction pipelines across the U.S. and across property types picked up speed over the last 4 years, demand for materials drove costs up faster than the average cost of goods in the U.S. The latest uptick in 2017 (and largest bump in the last 12 years) can be attributed to changing trade policies, international tariffs, and political shifts that are playing out across the global spectrum.
  • Read more about this and the latest trends in the construction industry in JLL’s H1 2017 Construction Outlook.​

Source: JLL Research, ENR, Bureau of Labor Statistics​

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