At least one leading construction consultancy firm sees lower prices ahead for construction materials and also a surge in construction spending by 4.5% year-over-year overall thanks to efforts tied to the recent infrastructure bill passed by Congress.
Much of the inflationary pressure on prices was due to shortages prompted by pandemic-related supply chain issues, increased global demand, labor disruptions, and extreme weather.
The findings are part of Linesight's fourth-quarter Commodity Report and price forecast, based on interviews with over 160 industry experts across the globe.
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