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Construction industry growth predicted in JLL 2020 report amid cost upticks, coronavirus uncertainty

Commercial real estate and development company JLL (Jones Lang LaSalle Inc.) has issued its U.S. Construction Outlook report for 2020 and predicts what has become an industry mantra as of late — slow and steady.

Construction industry volume and employment should remain flat this year on the heels of two years of decreasing confidence and an overall downward trend in the value of construction starts, according to JLL, and there should be little change to nonresidential construction spending. The firm expects spending to increase by less than 2%.

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