Trying to determine and act on the next construction material that reaches high-scarcity levels is confounding the construction industry, according to a new Construction Outlook report from JLL.

"Volatility around materials is hitting developer's wallets at a higher rate than initially anticipated earlier this year," according to the report.

JLL said it expects materials prices overall this year to rise by 18%, up from its 12% forecast made at the start of 2022.

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