Rising Construction Costs May Interfere with Construction Industry Recovery in 2015

Raw material costs are expected to stabilize in 2015, but rising labor costs will force construction costs to continue to grow

March 12, 2015

REJournals.com

New commercial construction demand is expected to be on the rise in 2015, but so are construction costs. A new report from JLL Project and Development Services highlights several trends for the 2015 nonresidential construction industry including an increasing backlog, rising labor costs, a drop in overall unemployment and new construction becoming more cost effective than leasing existing space.

(more on JLL's trends for the 2015 construction market...)

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“I’ve been using Bobcat equipment for years on my farm in Waco, and I can’t imagine working without it. My Bobcat machines have empowered me to bring some of my biggest ideas to life,” said Gaines.

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This easy-to-use design offers a more ergonomic and user-friendly experience.

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