JLL’s Construction Trends & Midyear Update report

JLL’s Construction Trends & Midyear Update report is live on

Navigating through this unprecedented economic landscape, it is crucial to reassess our forecasts in light of the most recent data. In our latest trends report, we examine the progress of 2023 to date and compare it to our initial forecasts outlined in the March edition of the 2023 Construction Outlook. We conclude by presenting an updated set of projections, considering midyear data specific to the U.S.

This report focuses on how 2023 has unfolded thus far and how it aligns with our original forecasts from the 2023 Construction Outlook published in March, ending with an updated set of projections for the end of the year.

4 key takeaways:

  1. Industry Health: financing constraints have driven a rapid decline in construction starts over the last quarter
  2. Labor: significant challenges has led firms to place a premium on talent retention strategies
  3. Materials: materials and supply chain issues have largely stabilized, future cost increases are expected to be manageable
  4. Total Costs: firms’ responses to the impending slowdown have led to a drop in total costs during Q3, prompting us to revise our expected total cost growth down to 2-4%

CCR NYC September 28th, 2023 Noon to 4 PM at Penthouse 45.
The 14th Annual 2024 Hybrid Summit will be held January 2024, Date & Location TBD.

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January 26th, 2023
The 13th Annual Hybrid Summit was held on January 26th, 2023 Noon to 4 PM EST.

Virtual Women in Construction: Building Connections was held on December 14th, 2022, 1 PM to 2 PM EST via a Zoom. 2023 Virtual Women in Construction TBD.

2023 Virtual Men’s Round Tables

2023 Men’s Round Table #1 will be held Q3, 2023

2023 Virtual Women’s Round Tables

2023 Women’s Round Table #1 will be held Q3, 2023


Melia’s portfolio in Mexico to increase from 7 to 14

Melia Hotels International plans to double its portfolio in Mexico to 14 hotels over the next two years. Among the new additions are the Zel Sayulita, a 145-room beachfront property opening in 2025; the 125-room ME Sayulita, which will open this year with three restaurants,

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