U.S. Construction Costs Continue to Rise

New demands for commercial construction has led to rising costs, a factor that impacts profitability.  A recent report from JLL on non-residential construction concludes that raw material and labor costs are making it more expensive to get out of the ground than ever before. GlobeSt.com reports that 2015 will be a big year for new construction. “JLL cites the latest construction forecast from the American Institute of Architects, which projects that spending on non-residential construction will rise 7.7 percent in every commercial property sector this year.” Here’s a loaded question: Will developers create a glut by overbuilding?

http://www.globest.com/news/12_1064/chicago/development/Construction-Growth-to-Continue-Costs-Rising-356092-1.html

About Susan Young

Susan Young Managing Editor & Curator News, PR, Social Media and Communications Professional President, http://www.getinfrontcommunications.com
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