Narrow by location

Moderating Economic Growth Triggers Construction Forecast Downgrade for 2017 and 2018


The AIA Consensus Construction Forecast projects annual growth in the 3.5 percent to 4.0 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. While some slowdown in the commercial sector was anticipated for 2017 and 2018, it was expected to be offset by acceleration in the institutional sector. However, year-to date growth in spending for institutional buildings is at only 3%, well below expectations when the year began.

“Despite billings at architecture firms performing quite well this year, the larger construction industry is facing a range of issues,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “The somewhat weaker outlook is driven by several factors, some dealing with the broader U.S. economy, some dealing with general construction industry fundamentals, and some dealing with weakness in specific construction sectors.”



Why Is Everyone Freaking Out Over the Proposed Tariff?

By Martha L. Thompson, Partner, Balch & Bingham LLP Tariffs have been around since 1789 so why all... »

Architecture Billings Continue Growth Into 2018

Business conditions easing in the Northeast, but very strong in the rest of the country »

Florida Statutory Limitation on Indemnity Does Not Apply to Excavation Subcontract on Utility Line Project

By Amandeep S. Kahlon, Bradley Fla. Stat. § 725.06 limits the scope of indemnification provisions in construction contracts. ... »

Demand for Construction Workers Remains Strong, ABC Says

The employment report from the Bureau of Labor Statistics shows growth in both public and private construction spending,... »


Your email address will not be published. Required fields are marked *