JLL is a world leader in real estate services, powered by an entrepreneurial spirit. Their latest construction outlook forecasts a stable year overall for the industry, but with slowing growth and increasing risks that overshadow any potential upside. Construction costs will continue to grow, as the construction labor shortage will remain a factor across major markets. Volatility increased in 2019, and in this report we explore how volatility in the coming year will play out across different sectors of the industry.
The H1 2020 Construction Outlook report includes:
Forecasts for construction labor and material prices over the next 12 months
A look back at how accurate our forecasts from last year ended up
External market forces that could impact construction in 2020, including tariffs and the COVID-19 Coronavirus
Region-specific construction trends and forecasts
To view JLL's construction outlook, visit jll.com.