article thumbnail

AIA Releases Construction Forecast: Healthcare Construction to See Modest Gains Through 2025

Construction Superintendent Magazine

Spending on nonresidential buildings will see a modest 4% increase in 2024, after increasing by more than 20% last year according to The American Institute of Architects’ latest Consensus Construction Forecast. The pace will slow to just over 1% growth in 2025, a marked difference from the strong performance in 2023. in 2024 and 3.5%

article thumbnail

AIA 2019 Consensus Forecast: Nonresidential construction spending to rise 4.4%

BD+C

through 2019, according to a new consensus forecast from The American Institute of Architects (AIA). Nonresidential construction spending on buildings is projected to grow by 4.4%

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2021 construction forecast: Nonresidential building spending will drop 5.7%, bounce back in 2022

BD+C

decline in construction spending for 2021, according to a new consensus forecast from The American Institute of Architects (AIA). Slowing demand at architecture firms last year is expected to contribute to a projected 5.7%

article thumbnail

5.6% growth for nonresidential construction in 2017: AIA Consensus Forecast

BD+C

For the coming year, the American Institute of Architects (AIA) semi-annual Consensus Construction Forecast is projecting growth in overall nonresidential building spending of almost 6%, just below the pace of growth for 2016. .

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

AIA 86