Consensus Construction Forecast
A 12–18 month forecast of nonresidential business conditions
The AIA Consensus Construction Forecast Panel is conducted twice a year with some of the leading nonresidential construction forecasters in the United States including Dodge Data & Analytics, HIS Economics, Moody’s Economy.com, FMI, CMD iSqFt, Associated Builders & Contractors, and Wells Fargo Securities, LLC. It projects business conditions in the construction industry over the coming 12 to 18 months, and has been conducted for nearly 20 years.
Moderating economic growth triggers construction forecast downgrade for 2017 and 2018
Due to disappointing construction spending and a lack of economic growth over the first half of 2017, the construction industry will see slower growth through 2018.