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【World Property Journal】U.S. Construction Costs to Spike 14 Percent in 2022, Largest Increase In Years

【World Property Journal】U.S. Construction Costs to Spike 14 Percent in 2022, Largest Increase In Years

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Due to Pressures from Both Supply and Demand Sides of the Market

Global property consultant CBRE forecasts a 14.1 percent year-over-year increase in U.S. construction costs by the end of 2022 due to a litany of pressures including labor shortages, inflation, supply chain disruptions, ongoing pandemic reverberations and the war in Ukraine.

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