JLL releases construction outlook report

The construction pipeline remains robustly active, and year-over-year construction costs remain up despite a drop in pricing for select materials, according to JLL in its Construction Outlook, which explores key indicators for measuring the health of the construction industry and its near-term outlook.

Reimagining the built environment is critical to thriving in a post-COVID world, regardless of sector. However, economic indicators point to broader uncertainty, noted JLL. A brief contraction is predicted, and ongoing geopolitical conflicts could mean more volatile swings in supply chains and pricing.

To read the full report,