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Global Construction Material Costs to Reach New Record Highs in 2022

By Third PartyApril 15, 2022

Source: World Property Journal —

According to new research by Andrew Volz, JLL Construction Research Leader, broad U.S. economic recovery and a near-global end to pandemic-related restrictions generated an improved construction outlook in the early months of 2022.

However, lingering supply chain issues, international geopolitical conflicts, and elevated inflation have further stymied material availability and elevated costs.