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


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
  • Yahoo! Bookmarks
  • Google Bookmarks
  • StumbleUpon
  • Technorati
  • Reddit
  • Windows Live
  • LinkedIn
  • Evernote
  • E-mail

  • Latest
  • Blogs
  • Photos
  • Resources

Recent comments

Thank you for standing up and sharing your opinion.

Posted by Larry Cooper on 2016 10 27 · commented on
'What a Donald Trump Presidency Would Mean for Your Business'.

The amount of equipment used in a US stadium must be incredible now. Just so that a bunch of guys can throw…

Posted by Wayne Hyde on 2016 10 24 · commented on
'What Bill Belichick’s Anti-tech Tirade Says about AV'.

Why is this happening?

The answers are immediately apparent to anyone in this trade. To begin with:…

Posted by Ronnie Anne Spang on 2016 10 23 · commented on
'What Bill Belichick’s Anti-tech Tirade Says about AV'.

The premise of the article is a good one. We technologists must do a better job of creating AV solutions that…

Posted by Greg on 2016 10 23 · commented on
'What Bill Belichick’s Anti-tech Tirade Says about AV'.