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


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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