Dive summary:
- The commercial part of the industry has not been enjoying the general rebound that housing has seen of late, but it appears that it is getting in gear in at least some places around the country, according to Jones Lang LaSalle 's "Summer 2013 Construction Highlights."
- The report lays the delay in commercial construction's progress to head winds from two slightly different directions – the fall-off in public construction because of budget problems and the slowness of the economy to generate jobs that would require more space.
- Nonetheless, energy and high-tech are building, and some markets are seeing speculative office development again, the report shows.
From the article:
President Obama’s persistent efforts to increase infrastructure construction funding and MAP-21 investment, already accounted for in budgets, could also ultimately help shore up weaker areas of the construction industry during the next 12 months. ...
Jones Lang LaSalle recently released its Summer 2013 Construction Highlights report - See more at: http://www.bdcnetwork.com/construction-lags-other-sectors-momentum-building-jll-report#sthash.mdEjxS0y.dpuf
Jones Lang LaSalle recently released its Summer 2013 Construction Highlights report - See more at: http://www.bdcnetwork.com/construction-lags-other-sectors-momentum-building-jll-report#sthash.mdEjxS0y.dpuf
Jones Lang LaSalle recently released its Summer 2013 Construction Highlights report - See more at: http://www.bdcnetwork.com/construction-lags-other-sectors-momentum-building-jll-report#sthash.mdEjxS0y.dpuf
