29 Jan '14, 5pm

@AIAnational reports nonresidential building activity is projected to accelerate in 2014

Healthy fundamentals in the commercial property market combined with the international economy returning to more traditional growth levels are factoring into a projected increase in growth for the design and construction industry. Led by the hotel and retail project categories, the commercial sector looks to see the biggest gains in construction spending, with demand for institutional projects increasing at a more moderate level. The American Institute of Architects’ (AIA) semi-annual Consensus Construction Forecast , a survey of the nation’s leading construction forecasters, is projecting that spending will see a 5.8 percent increase in 2014, with next year’s projections raised to 8 percent. “Since the overall economy is stabilizing, there should be a significant improvement in the outlook for the construction industry that has been recovering at a slow and steady pace th...

Full article: http://www.edcmag.com/articles/95436-nonresidential-build...

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