WASHINGTON, D.C. – With construction spending continuing on an upward trajectory, 2016 can be considered a successful year for the nonresidential building sector.  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. 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. For 2018, the institutional construction sectors will generate much of the growth, particularly the large … Read more

WASHINGTON, D.C. – After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next 18 months. However, continued strong demand for hotels, office space and amusement and recreation spaces will ensure continued growth in the overall construction spending market over this time period. The American Institute of Architects’ semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting that spending will increase just less than six percent for 2016, with next year’s projection being an additional 5.6 percent gain. “Healthy job growth, strong consumer confidence and … Read more