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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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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. in 2012, totaling 87 billion square feet of floor space.

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AIA Reports Healthy Outlook for Nonresidential Construction Market

Construction Superintendent Magazine

For the coming year, the American Institute of Architects semi-annual Consensus Construction Forecast is projecting growth in overall nonresidential building spending of almost 6 percent, just below the pace of growth for 2016. For 2018, the institutional construction sectors will generate much of the growth, particularly the large.

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Construction Sector Forecast 2013 – 2013

Building Information Management

AIA Consensus Forecast. Commercial construction spending for buildings is forecast to rise by by 5.0 percent in 2013 and by 7.2 percent in 2014. Institutional construction, however, is expected to lag behind. The federal government’s budget uncertainty has already impacted construction spending.