Page 2 - Construction Forecast News Today

A recession is defined as when there is negative growth across two consecutive quarters. The UK entered a technical recession in 2023 with GDP shrinking

Construction-starts fell significantly during the three months to October despite a surge in planning approvals, according to latest data from Glenigan Construction Review report. The data, which provides insight into the construction sector performance over the last 12 months, show consistently weak

Baker predicts institutional construction will remain strong for the rest of this year, bolstered mainly by healthcare. Other sectors he expects to see a rebound include hospitality, K-12, and warehouses, albeit at a dampened pace for the third. He also mentions the new AIA Consensus Construction...

Following a 19.7% surge in spending for commercial, institutional, and industrial buildings in 2023, leading construction industry economists expect spending growth to come back to earth in 2024, according to the July 2023 AIA Consensus Construction Forecast Panel.

The American Institute of Architects has published a forecast for nonresidential construction spending for 2023 and 2024, in which it projects positive though modest growth. The AIA Consensus Construction Forecast was computed as an average of nine separate forecasts for nonresidential...

Only last month, NBS released its Young People in Construction survey. This research not only indicated that over 50% of the 2,000 18-29 year olds polled

Construction spending on buildings is projected to increase just over nine percent this year and another six percent in 2023, according to a new report from the American Institute of Architects (AIA).

The nonresidential building sector is expected to rebound through 2023 after a slow recovery with the broader economy last year, according to a new report from the American Institute of Architects.  The AIA’s Consensus Construction Forecast for December 2021, comprising leading economic...

Industrial sector seen as strongest, but commercial upturn anticipated to be surprisingly robust

According to a new report from the American Institute of Architects, the nonresidential building sector is expected to see a healthy rebound through next year after failing to recover with the broader economy last year.