{"id":15053,"date":"2016-02-12T14:02:08","date_gmt":"2016-02-12T19:02:08","guid":{"rendered":"http:\/\/www.constructionspecifier.com\/?p=15053"},"modified":"2016-02-12T14:02:08","modified_gmt":"2016-02-12T19:02:08","slug":"non-residential-construction-market-continues-momentum","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/non-residential-construction-market-continues-momentum\/","title":{"rendered":"Non-residential construction market continues momentum"},"content":{"rendered":"<figure id=\"attachment_15055\" aria-describedby=\"caption-attachment-15055\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-15055 size-medium\" src=\"http:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/02\/bigstock-Modern-Office-Buildings-And-Ho-77120291-300x200.jpg\" alt=\"Non-residential construction spending will continue to rise in 2016 and 2017 with a more than eight percent gain this year and a 6.7 percent increase next, according to the American Institute of Architects\u2019 (AIA\u2019s) \u201cConsensus Construction Forecast.\u201d  Photo \u00a9 Bigstock.com\/ Eugene Sergeev \" width=\"300\" height=\"200\" srcset=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/02\/bigstock-Modern-Office-Buildings-And-Ho-77120291-300x200.jpg 300w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/02\/bigstock-Modern-Office-Buildings-And-Ho-77120291-768x512.jpg 768w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/02\/bigstock-Modern-Office-Buildings-And-Ho-77120291-624x416.jpg 624w, https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/02\/bigstock-Modern-Office-Buildings-And-Ho-77120291.jpg 900w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-15055\" class=\"wp-caption-text\"><span style=\"font-family: arial,helvetica,sans-serif; font-size: 10pt;\">Non-residential construction spending will continue to rise in 2016 and 2017 with a more than eight percent gain this year and a 6.7 percent increase next, according to the American Institute of Architects\u2019 (AIA\u2019s) \u201cConsensus Construction Forecast.\u201d<\/span><br \/><span style=\"font-family: arial,helvetica,sans-serif; font-size: 8pt;\"> Photo \u00a9 Bigstock.com\/ Eugene Sergeev<\/span><\/figcaption><\/figure>\n<p>The <a href=\"http:\/\/www.aia.org\/\" target=\"_blank\">American Institute of Architects<\/a> (AIA) announced the results of its semi-annual \u201cConsensus Construction Forecast,\u201d which found non-residential construction spending will continue to increase more than eight percent this year with an additional 6.7 percent gain in 2017.<\/p>\n<p>\u201cWhile rising interest rates could pose a challenge to the U.S. economy, lower energy prices, improved employment figures, and an enacted federal budget for 2016 are all factoring into a very favorable outlook for the construction industry,\u201d said AIA chief economist, Kermit Baker. \u201cAfter several years of challenging economic circumstances, the institutional project sector is finally on very solid footing.\u201d<\/p>\n<p>The breakdown of the different sector gains for 2016 includes:<\/p>\n<ul>\n<li>commercial\/industrial \u2013 9.9 percent;<\/li>\n<li>hotels \u2013 14.8 percent;<\/li>\n<li>office space \u2013 12.8 percent;<\/li>\n<li>industrial facilities \u2013 11.9 percent;<\/li>\n<li>retail \u2013 7.5 percent;<\/li>\n<li>institutional \u2013 6.7 percent;<\/li>\n<li>amusement\/recreation \u2013 11.2 percent;<\/li>\n<li>education \u2013 6.5 percent;<\/li>\n<li>religious \u2013 2.6 percent; and<\/li>\n<li>public safety \u2013 1.8 percent.<\/li>\n<\/ul>\n<p>The sector gains for 2017 are expected to be:<\/p>\n<ul>\n<li>commercial\/industrial \u2013 7.5 percent;<\/li>\n<li>hotels \u2013 7.8 percent;<\/li>\n<li>office space \u2013 8.8 percent;<\/li>\n<li>industrial facilities \u2013 5.3 percent;<\/li>\n<li>retail \u2013 5.6 percent;<\/li>\n<li>institutional \u2013 6.7 percent;<\/li>\n<li>amusement\/recreation \u2013 7.7 percent;<\/li>\n<li>education \u2013 6.6 percent;<\/li>\n<li>religious \u2013 four percent; and<\/li>\n<li>public safety \u2013 4.2 percent.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The American Institute of Architects (AIA) announced the results of its semi-annual \u201cConsensus Construction Forecast,\u201d which found non-residential construction spending will continue to increase more than eight percent this year with an additional 6.7 percent gain in 2017.<\/p>\n","protected":false},"author":5,"featured_media":15055,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1029],"tags":[1032,1863,2358],"class_list":["post-15053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aia","tag-kermit-baker","tag-non-residential-construction","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Non-residential construction market continues momentum - The Construction Specifier<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.constructionspecifier.com\/non-residential-construction-market-continues-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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