Report also says Milwaukee building boom should continue through 2016.
Report also says Milwaukee building boom should continue through 2016. Back to the full article.
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One thing I couldn’t figure out from the article, what do the effects of construction costs indicate for the development or overall growth of an area? Do escalating costs indicate more demand growth or do they have a negative effect?
@Chris – If they’re in line with national norms (as Mortenson predicts) and only a small percentage amount (again as Mortenson predicts), I would imagine they won’t blow up a pro forma for a project in the queue. That is, the boom won’t be stopped because of skyrocketing construction costs.