Twice year, the American Institute of Architects rounds up projections from various construction economists — working at places like Wells Fargo and McGraw-Hill Construction — and puts together an “industry consensus” on the future of Nonresidential Construction.
It’s out again. The “bottom line” estimate — Nonres in ’14 to come in + 4.9%, followed by a heaping gulp of + 8.9% in ’15.
Here’s the article. But don’t miss the page presenting the above graphic, which is “interactive” — and worth studying.
On this page, you can not only see the graphic above FULL SIZE, but you can use your computer to see specific data from each of the contributing entities. For example, I discovered that Wells Fargo has the numbers at +2.5% for ’14 and +7.5% for ’15 . . . while IHS Global Insight is at +9.2% for this year and +10.8% for next.
. . . of course, even a low-ball + 7.5% for next year does not sound so bad, does it?