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Economic Research

    Consensus Construction Forecast

    Monthly Economic Indicators

    Recent Articles and Presentations from the Economics and Market Research Team

Consensus Construction Forecast
The AIA Consensus Construction Forecast Panel is conducted twice a year with the leading nonresidential construction forecasters in the United States including, McGraw-Hill Construction, IHS-Global Insight, Moody’s Economy.com, FMI, Reed Construction Data, Associated Builders & Contractors, and Wells Fargo Securities. The purpose of the Consensus Construction Forecast Panel is to project business conditions in the construction industry over the coming 12 to 18 months. The Consensus Construction Forecast has been conducted for 15 years.

AIA-Accordion

 

2014 Forecasts

First Half
Second Half

2013 Forecasts

First Half
Second Half

2012 Forecasts

First Half

Second Half

2011 Forecasts

First Half

Second Half

2010 Forecasts

First Half

Second Half

2009 Forecasts

First Half

Second Half

2008 Forecasts

First Half

Second Half

Monthly Economic Indicators

Architectural Services Employment
(all employees, seasonally adj.)
October 2014

164,000

 
     

Construction employment
(all employees, seasonally adj.)
November 2014

6,109,000

 
     

Total Construction Spending
October 2014

$970,989*

 
     

Total Private Construction Spending
October 2014

$692,396*

 
     

Private Construction - Residential
October 2014

$353,802*

 
     

Private Construction - Nonresidential
October 2014

$338,595*

 
     

Total Public Construction Spending
October 2014

$278,593*

 
     

Construction Cost Index
December 2014

2.70%

Annual inflation for construction materials

     

Building Cost Index
December 2014

2.90%

Annual escalation rate for construction materials

     

PPI: Nonresidential Building Construction
November 2014

139.1

Changes in output prices for new warehouse building construction

     

Price Index
(Single-Family Houses under Construction)
October 2014

115.5

Relative price changes for single-family houses under construction

     

Housing Starts
November 2014

1,028**

Number of new housing units started (under construction)

     

Building Permits
November 2014

1,035**

Number of new housing units authorized by building permits

     
Quarterly Economic Indicators
   
     

Percent Change in Real GDP
(Second Estimate)
Q3 2014

3.9%

Adjusted value of the goods and services produced by labor and property located in the United States

     

Price Index
(Single-Family Houses Sold)
Q3 2014

112.8

Relative price changes for single-family houses sold (Incorporates the value of the land)

* million $ SAAR
** thousands of units SAAR

   

For more data/information on:

Construction Spending

http://www.census.gov/construction/c30/c30index.html

PPI: Nonresidential Building Construction

http://data.bls.gov/timeseries/PCU236221236221

Percent Change in Real GDP

http://www.bea.gov/national/index.htm#gdp

Construction Cost Index, Building Cost Index

http://enr.construction.com/economics/

Architectural & Construction Employment

http://www.bls.gov/ces/

Housing Starts and Building Permits

http://www.census.gov/construction/nrc/

Price Index (Single-Family Houses)

http://www.census.gov/construction/cpi/


Recent Articles and Presentations from the Economics and Market Research Team

Periodically, the members of our department write articles on topical business issues, concerning architects. You may read the most recent articles here.


The Business of Architecture: 2014’s Q4 Outlook
(video, approx. 11 minutes)

Get On the Good Foot: The 2014 AIA Firm Survey Report shows design activity has recovered from the 2008 recession
, September 2014

The Business of Design: Economic Trends for the Third Quarter of 2014
(video, approx. 17 minutes)

The Business of Design: AIA Chief Economist Kermit Baker, Hon. AIA, on the Economic Trends of the Second Quarter of 2014
(video, approx. 13 minutes)

The Business of Design: Q1 2014 Economic Update Video
(note: video will autoplay)

2013 AIA Compensation Survey: Architect Salary Increases Minimally from 2011, August 2013


AIA/NCARB Survey Shows Rosier Picture for Emerging Professionals, April 2013

 

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