The construction industry is poised for continued growth despite ongoing supply chain challenges, materials shortages and a dearth of skilled labor.

A new report from JLL says “major markers of activity remain in growth or strong territory” despite recession fears, noting that increasing construction starts and a strong pipeline were hallmarks of the first half of 2022. Residential construction fell from its historical peak in 2021 but continues on an expansion route, and nonresidential construction has returned to nominal growth. Nonbuilding construction is expected to increase significantly.


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Lynn Pollack



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