Project Management

Construction Chart of the Week Jan 2016

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United States Construction Chart of the week: January 4, 2016 Source: JLL Research, ENR 2016: Will construction costs continue to rise? • A combination of China's faltering economy and a glut of some key materials inputs have led to a drop in materials costs, which will continue into 2016, as the world economy continues to sputter • Labor costs are rising, as construction companies fight for a limited supply of skilled laborers, counteracting the drop in materials costs, labor costs will continue to rise in 2016, taking total construction costs with them, leading to increased demand for low-cost southern and western markets 0 5000 10000 15000 20000 25000 0 1000 2000 3000 4000 5000 6000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Nat'l BCI Materials Index Labor Index

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