Consensus Construction Forecast
A 12-18 month forecast of nonresidential business conditions
See what’s ahead for the construction industry with this twice-a-year survey of the nation’s leading construction economists who forecast business conditions over the next 12–18 months.
The AIA Consensus Construction Forecast panel includes leading nonresidential construction forecasters in the United States from the following groups:
- Dodge Data & Analytics
- IHS Economics
- Moody’s Economy.com
- Associated Builders & Contractors
- Wells Fargo Securities
- Markstein Advisors
It projects business conditions in the construction industry over the coming 12-18 months, and has been conducted for nearly 20 years.
A marked slowdown, but no projected decline for nonresidential building
Continued healthy gains in construction activity is the projection of the AIA Consensus Construction Forecast Panel, but a broad economic downtown may be materializing.
The view at midyear: continued growth in nonresidential construction through 2020
While slower growth is expected overall, some sectors are flashing signals of impending declines.