AIA Forecasts Growth in Nonresidential Construction Through 2020

AIA Forecasts Growth in Nonresidential Construction Through 2020

In a statement, AIA predicts that spending on nonresidential building construction is expected to increase almost 4 percent this year and more than 2 percent in 2020.

“The outlook showing nonresidential construction activity continuing to expand reflects the underlying strength of the economy, even this late in the business cycle,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “However, there are several potential threats to continued healthy growth in the broader economy as well as in the construction industry that would point to slower economic growth in future quarters.”

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Morrissey Goodale
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