JLL Predicts 2024 Spending on Construction Projects Will Be Higher Than 2023
Spending on large U.S. commercial construction projects should rise slightly through the rest of 2024 as certain building materials become more affordable and contractors cut prices to replenish depleted project pipelines.
Construction spending is expected to rise 5.5% from last year to $2.13 trillion in 2024, according to the JLL 2024 Midyear Construction Update issued on Tuesday. JLL had earlier forecasted total construction spending to be flat for 2024 but revised the estimate upward based on its indicators for building materials and general contractors’ bidding patterns...
RSK: That is one piece of the puzzle but how about another piece...interest rates?
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- - Volume: 24 - WEEK: 30 Date: 7/23/2024 3:04:32 PM -