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Commercial Sector Boosts Construction Forecast

Construction Equipment

Commercial construction is up and institutional construction is down, according to the American Institute of Architects (AIA) Consensus Construction Forecast.

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AIA predicts nonresidential spending growth through 2019

Construction Dive

The Consensus Construction Forecast Panel said spending in the commercial/industrial sector will outpace institutional outlays by 2.2% in 2018, but that institutional will take the lead in 2019.

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Moderating economic growth triggers construction forecast downgrade for 2017 and 2018

BD+C

The AIA Consensus Construction Forecast projects annual growth in the 3.5 percent range for the remainder of 2017 as well as for 2018, with a slower growing commercial/industrial market, and an institutional sector facing several challenges. percent to 4.0

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AIA Reports Healthy Outlook for Nonresidential Construction Market

Construction Superintendent Magazine

With construction spending continuing on an upward trajectory, 2016 can be considered a successful year for the nonresidential building sector. The commercial construction sectors – retail, office and hotel – will continue to lead the building recovery, while industrial construction is projected to see almost no increase this year.

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Nonresidential Construction Spending Expected to Moderate Through 2024

Construction Superintendent Magazine

While spending on nonresidential construction picked up momentum toward the end of 2022, construction spending will moderate in 2023 and slow significantly in 2024, according to a new report from the American Institute of Architects. Similar to 2022, growth in construction spending in 2023 will be uneven with a projected 2.6%

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Easy Steps for Achieving Competitive Insurance Rates

Construction Business Owner

According to the American Institute of Architects (AIA), nonresidential building spending in 2015 was close to $360 billion, with forecasts estimating this number to hit $390 in 2016. The 2016 Dodge Construction Outlook also recently predicted a 9 percent gain in this sector.

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Navigating A&E Professional Liability

Construction Business Owner

The American Institute of Architects' (AIA) semi-annual Consensus Construction Forecast recently projected that spending will increase by nearly 9 percent this year, with another 8 percent gain in 2016. million commercial buildings in the U.S. Size is also an issue.

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