JLL forecasts U.S. construction tender prices to rise 3.1%-4.2% in 2027
JLL•JLL forecasts U.S. construction tender prices will rise 3.1% to 4.2% in 2027, easing from 3.5% to 4.6% in 2026 but remaining above the pre-2020 norm of 2% to 3%.
JLL•JLL•JLL•JLL forecasts U.S. construction tender prices will rise 3.1% to 4.2% in 2027, easing from 3.5% to 4.6% in 2026 but remaining above the pre-2020 norm of 2% to 3%.
JLL forecasts U.S. construction tender prices will rise 3.1% to 4.2% in 2027 as demand strains labor supply. The South is expected to lead nonresidential construction growth, driven by data centers, power projects and public civil work; by 2028, it is forecast to have the highest construction workload per worker. Contractors are pricing policy uncertainty into bids, while tender prices lag input costs by three to six months.
