Strong construction momentum will easily carry through the first half of 2019, despite project margins facing pressure from all sides. JLL’s Construction Outlook finds robust U.S. economic fundamentals will drive further growth of the sector, which in 2018 recorded a 5.1 percent increase in total construction value and a 4.5 percent increase in employment.
Potential risks to the construction sector such as trade war escalation, deteriorating macroeconomic conditions and the worsening labor shortage, are largely balanced by potential boosts that include a large-scale federal infrastructure package, relief from tariffs and the continuation of 3.5 percent annual GDP growth.
“All forward indicators for construction are still flashing green,” said Todd Burns, president, project and development services, JLL Americas. “However, a year with growth equal to th
