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 Analytics
- 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.
Outlook has improved for construction spending with upturn in the economy
Pent-up demand from the pandemic is creating a general spending surge, and construction looks to get its share of the benefits in the next two years.
2021 expected to be another down year for nonresidential building
After a mid-single digit percentage decline this year, consensus forecast panel is projecting a reasonably healthy recovery in 2022