Narrow by location

Moderating Economic Growth Triggers Construction Forecast Downgrade for 2017 and 2018

Economic

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.”

 

 

Potential For Growth: Baldwin County’s 5-Year Commercial Outlook

from White-Spunner Realty RETAIL With a greater demand for more residential lots on the Alabama Gulf Coast and... »

A Forest of Changes Potentially Ahead: Individual Tax Reform through the TCJA

from Carr, Riggs & Ingram Individuals are highly anticipating the sweeping tax reforms that have been promised by... »

Construction Jobs Numbers Rebound in November

The nation’s construction sector added 24,000 net new jobs in November »

Architecture Billings Bounce Back

Business conditions remain uneven across regions »

LEAVE YOUR COMMENT

Your email address will not be published.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