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| AIA forecasts growth may slow in 2008 According to the American Institute of Architects (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters shows weakness in the overall U.S. economy translating to a tempered forecast for the nonresidential construction market. Spending is expected to increase by a mere 0.7 percent in 2008 in inflation adjusted terms. Led by demand for institutional projects, the growth in 2008 is expected to be at a slower pace than recent years, with commercial projects likely to see the most decrease. Also there is expected to be continued volatility in the costs of building materials. write your comments about the article :: © 2008 Construction News :: home page |