Continued Improvement in Construction Activity Expected in 2013 and 2014
Gains in commercial projects expected to outpace improvement for institutional and industrial buildings

Article


Construction
Market forecasters are increasingly optimistic growth momentum in non-residential construction spending will continue through 2013 and 2014
February 05, 2013 By Daryl Delano

Market forecasters are increasingly optimistic that recent gains in non-residential construction activity will be sustained, and the growth momentum in spending will continue to build as we move through 2013 and 2014.

The U.S. Commerce Department estimates total spending on non-residential buildings and infrastructure (including remodeling/retrofit work as well as new construction) totaled $566.8 billion last year, the highest total since 2009.

The most recent forecasts compiled by the American Institute of Architects (AIA) Consensus Construction Forecast Panel show spending growth of 5 percent this year accelerating to 7.2 percent in 2014. Activity in the commercial subsector of the nonresidential building market is expected to lead the upturn, with predicted improvement of about 9 percent this year followed by a further gain of almost 11 percent in 2014.

Spending for industrial buildings is predicted to grow at about the same rate as the average for the overall nonresidential sector over 2013-2014, while activity is expected to expand more slowly for work on institutional buildings (with a significant share of these projects dependent upon funding from cash-strapped federal, state and municipal entities).

Click here to review the detail of AIA’s Consensus Construction Forecast Panel, including a list of the 7 individual forecast contributors

Work Smarter: Keep Ahead of the Competition

Keep up with the changing A/V world with Commercial Integrator. Each issue makes it easy to understand and apply the latest A/V trends and techniques — whether you deal with UHDTV, wireless AV, Digital Video/IPTV, networking, HDBaseT or HDMI.
It's not enough to keep up with the competition. You need to stay ahead of them. Subscribe to Commercial Integrator today for the latest techniques and insights you need to drive your business.

Article Topics


  • Latest
  • Blogs
  • Photos
  • Resources
Back to School: 25 Popular Educational Solutions for This School Year

Interactive whiteboards, wireless presentation systems, full-range ceiling speakers and laser projectors are just a few of the education solutions on the market to help schools and universities solve learning challenges during the 2016-2017 school year.

This Never-Been-Done-Before LED Installation Is Transforming Shoppers’ Experiences
12 of Forbes’ 100 Richest Tech Billionaires Who Have Ties to AV
40 CI Influencers Under 40: Class of 2016
Jaguar: The Art of Projection Mapping
View more photo galleries
White Paper:
Your #1 Source for Expanding Your Recurring-Revenue Practice

Adding to your service offering is challenging. We get it. ConnectWise has helped countless technology solution providers reconfigure their business for the future by adding new practice areas and building monthly recurring revenue.

Webcast: Discover the Secrets of Leveraging Third-Party Labor
Webcast: How to Build Your Broadcast Technology Capabilities
White Paper: Ignorance, Defiance on ADA Compliance Among Regulatory Nightmares
White Paper: Secrets to Installing Outdoor Audio-Video Safely
White Paper: New Standard Revs Up Networking Game
White Paper: 7 Tips for Rolling Out University Digital Signage
White Paper: From Chaos to Control - Your Guide to Business Efficiency
View more papers or webcasts


Recent comments

Excellent summary Mike.. in particular that the size and prominent placement of video walls and tiled displays…

Posted by LyleBunn on 2016 08 22 · commented on
'Q & A: Mvix Explains Why You Should Choose Video Walls Over Digital Signage'.

IMS Technology Services has the privilege of making the list for the 5th year in a row.  This year #4532. …

Posted by Michael Shinn on 2016 08 21 · commented on
'Herman Integration Services Named No. 110 on the Inc. 5000 2016 List'.

Congrats to the entire 40 Under 40 Class of 2016.

Posted by Christopher Neto on 2016 08 17 · commented on
'40 CI Influencers Under 40: Class of 2016'.

Thank YOU. It was a lot of fun. And congrats on having the most brightly colored beer.

Posted by Tom LeBlanc on 2016 08 16 · commented on
'The Evolution of Media: Why It Matters to the Industry'.