JLL forecasts U.S. construction tender prices to rise 3.1%-4.2% in 2027

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

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