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What eight leading economists predict for nonresidential construction in 2020 and 2021

BD+C

Following modest increases in construction spending for nonresidential buildings in 2019, economists from eight leading industry organizations forecast slight growth in 2020 and 2021—1.5% and 0.9%, according to AIA's latest Consensus Construction Forecast panel.

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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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2016 Midyear Collaborative Construction Economic Forecast

Construction Equipment

Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast Monday.

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Nonresidential Construction Spending Projected to Increase Through 2023

Construction Superintendent Magazine

Construction spending on buildings is projected to increase just over 9% this year and another 6% in 2023, according to a report from the American Institute of Architects. While the outlook for the broader economy has become more uncertain, the prospects for construction spending have improved since the beginning of the year.

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Construction Industry Bounces Back in 2013

Constructonomics

With the first quarter of 2013 already behind us the construction industry finally appears to be on a path of recovery and growth now that the recession appears to have ended. The industry has continued to add jobs each month throughout the first quarter of the year and construction spending during the first two months of 2013 is 6.6

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ABC, AIA and NAHB economists predict industry growth through 2017

Contractor Magazine

ABC Chief Economist Anirban Basu, AIA Chief Economist Kermit Baker and NAHB Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast today. read more.

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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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