The day after my last posting, AIA sent the following encouraging information about U.S. construction info: http://www.aia.org/practicing/AIAB097351
"Even though growth in the U.S. economy continues to be disappointing, nonresidential construction activity is projected to see healthy if unspectacular gains this year, with construction spending for buildings rising by 5.0 percent in 2013 before accelerating to 7.2 percent in 2014. The construction of commercial facilities is expected to lead the upturn, with spending gains of almost 9 percent this year and nearly 11 percent next year, led by double-digit gains in hotel construction. Industrial construction spending is projected to nearly match the overall nonresidential building totals this year and next, while institutional construction activity should lag behind, with modest single-digit gains over each of the next two years. Healthcare is expected to be the strongest institutional sector."
"Even though growth in the U.S. economy continues to be disappointing, nonresidential construction activity is projected to see healthy if unspectacular gains this year, with construction spending for buildings rising by 5.0 percent in 2013 before accelerating to 7.2 percent in 2014. The construction of commercial facilities is expected to lead the upturn, with spending gains of almost 9 percent this year and nearly 11 percent next year, led by double-digit gains in hotel construction. Industrial construction spending is projected to nearly match the overall nonresidential building totals this year and next, while institutional construction activity should lag behind, with modest single-digit gains over each of the next two years. Healthcare is expected to be the strongest institutional sector."
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Hey Phil,
I actually didn`t come across that article from AIA, but it is encouraging to see that projected nonresidential construction activity will rise by 5%. Thanks for sharing this quick rundown.
Posted by: Darren | February 09, 2013 at 07:57 AM