The first half of 2022 saw cost inflation persist at an elevated rate as strong construction demand competed with a broad range of global and local issues. Though inflation and supply chain troubles are reminiscent of 2021, the contributing material components have shifted and new supply side issues have emerged. Despite a global inability to control the wide ranging disruptions and widespread fear of a recession, the industry is only just beginning to see a modest pullback and tempering of builder confidence. How will the industry’s existing inertia fare against changing economic outlooks and uncertainty? JLL’s latest Construction Outlook updates … Read more
H2 2022 Construction Outlook: Rising Costs, Tempered Outlooks
Filed under: Economic News, eNewsTagged with: construction outlook, JLL, webinar