Project Management

Snapshot US. Construction Materials Costs + Inflation

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© 2017 Jones Lang LaSalle IP, Inc. All rights reserved. For more information, contact: Snapshot Materials costs today are nearly 34 percent higher than 12 years ago, outpacing inflation growth Source: JLL Research, ENR, Bureau of Labor Statistics Mason Mularoni | According to JLL's latest Construction Outlook, construction materials costs are now 33.7 percent higher than in 2005, a figure that's no surprise to industry experts. What is surprising is how fast materials costs are growing compared to U.S. inflation, a leading indicator for the economic growth of the U.S. Over the past four years, construction pipelines across both the nation and various property types continued to grow. The heightened demand for construction materials drove costs up at a faster rate than the average cost of goods in the U.S. The latest uptick in 2017 (and largest bump in the last 12 years) can be attributed to changing trade policies, international tariffs and political shifts that are playing out across the global spectrum. Read more about this and the latest trends in the construction industry in JLL's H1 2017 Construction Outlook. September 5, 2017 U.S. Construction 0% 5% 10% 15% 20% 25% 30% 35% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Change in materials costs and inflation from 2005 Materials Costs U.S. Inflation 33.7% 27.3%

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