The U.S. now is the most expensive country for construction, says the latest global cost analysis by U.K. professional services consultant Turner & Townsend, with six cities among the list’s top 10—dislodging London and Hong Kong for the first time.
“These figures have been fueled by the strong U.S. dollar, but also the impact of Bidenomics,” says the consultant. Related to the latter, it notes impact of the federal Inflation Reduction Act and CHIPS Act, both enacted in 2022, “as driving investment in secondary markets across the U.S.,” particularly in manufacturing.
