Elevated construction cost growth despite an uneven recovery
Although the economic recovery is underway, the construction industry has not yet reached the bottom. The coming year will look unlike anything we saw during the last recession and recovery cycle. Nonresidential construction is declining, single-family construction is booming, and construction cost growth is picking up steam. JLL’s 2021 H1 Construction Outlook addresses what the intersection of these trends means for the construction industry and construction costs in the coming year.
Some of the questions answered in the latest report include:
1. How will a booming residential construction market impact cost growth?
2. Will construction material prices see a repeat of the large price swings last year?
3. Which sectors are poised to lead the construction recovery into 2022?
Sector analysis of Construction indicators