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
Social Bookmark or Share This
  • Facebook
  • Twitter
  • Digg
  • Del.icio.us
  • Yahoo! Bookmarks
  • Google Bookmarks
  • StumbleUpon
  • Technorati
  • Reddit
  • Windows Live
  • LinkedIn
  • Evernote
  • E-mail


  • Latest
  • Blogs
  • Photos
  • Resources
Genesis Acquisition of Edcom Tells Tale of Two Companies

That Edmonton-based Genesis Integration now has most of Ontario covered with London, Ontario-based Edcom Multimedia acquired is only half the story. $40 million Genesis Integration scoops up assets of $6.5 million Edcom Multimedia, demonstrating one firm poised for growth in a market that is spitting out those that are not.

Winter Is Coming: AV/IT Convergence Is Just a Game of Thrones
3 Ways the Industry Can Improve in 2017
4 Ways the Corporate Market Is Evolving
The Future Is Now: 6 Game-Changing Technology Platforms You Can’t Ignore
View more blog posts
Inside 35 High-Tech Distance Learning Colleges

From innovative web conferencing technology to robust online learning platforms, the following North American universities offer distance learners a variety of educational options to help them earn degrees that are just as valuable as on-campus degrees.

Pub Rethinks Video Wall Usage Using Userful
Donald Trump Inauguration Coming to 11 LED Screens Across Capitol
Afraid of Heights? Christie’s Panoramic Projection of Los Angeles Has You Covered
James Madison University Students Get Real-World Media Experience with Hitachi Cameras
View more photo galleries


Recent comments

Great article, Tom!
Sensory is a great company with smart leaders!

Posted by Kevin Groves on 2017 01 18 · commented on
'Inside Sensory Technologies' Secrets to Mid-Market Success'.

This is all relevant here and now the industry is changing and either be in the know or left behind. Transformation…

Posted by Home Theater San Diego on 2017 01 05 · commented on
'9 Predictions That Will Undoubtedly Impact Your Business by 2021'.

Phil, you are making an important position. 

This industry is too much about dazzling customers…

Posted by Tom LeBlanc on 2016 12 27 · commented on
'2017 CI: State of the Industry Report'.

“Our industry is about creating wonder and experiences. We’ve become a strategic asset, but IT was…

Posted by Phil c on 2016 12 25 · commented on
'2017 CI: State of the Industry Report'.