Construction spending expected to drop in 2011, rise in ’12

Published: August 8, 2011
Tags: AIA, American Institute of Architects, Consensus Construction Forecast, Kermit Baker, spending

By Nick Bjork Dolan Media Newswires After a projected decline in construction spending this year, the American Institute of Architects expects construction spending to rebound, and even increase, in 2012. According to the AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s construction forecasters, nonresidential construction spending is expected to decline 5.6 percent from [...]