CHICAGO—JLL's new report on the state of the US construction industry may not be as optimistic as the outlook it published earlier in the year, but Todd Burns, president, project and development services, tells GlobeSt.com that confidence, though tempered, remains high.
“Clearly, we all know we've been riding a nice wave over the past few years,” he says, and it may be difficult for the economy to sustain its current level of construction activity. For one thing, “people are unsure about the results of the recent presidential election, and that means there are some unknowns.”
Spending on commercial construction hit $317 billion in the third quarter, JLL finds, and even though that was a 1% increase year-over-year, previous third quarters had seen growth between 7% and 10%,
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
