{"id":4709,"date":"2016-08-03T08:00:12","date_gmt":"2016-08-03T12:00:12","guid":{"rendered":"https:\/\/roofingmagazine.com\/?p=4709"},"modified":"2016-08-02T19:49:52","modified_gmt":"2016-08-02T23:49:52","slug":"forecasters-predict-healthy-outlook-for-construction-industry","status":"publish","type":"post","link":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/","title":{"rendered":"Forecasters Predict Healthy Outlook for Construction Industry"},"content":{"rendered":"<p>After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months.  However, continued demand for hotels, office space, and amusement and recreation spaces will ensure continued growth in the overall construction spending market over this time period.<br \/>\nThe <a href=\"http:\/\/www.aia.org\/\" target=\"_blank\">American Institute of Architects\u2019<\/a> (AIA) semi-annual <a href=\"http:\/\/new.aia.org\/articles\/14861-healthy-advances-forecast-for-nonresidential-building-market-through-2017\" target=\"_blank\">Consensus Construction Forecast<\/a>, a survey of the nation\u2019s construction forecasters, is projecting that spending will increase less than six percent for 2016, with next year\u2019s projection being an additional 5.6% gain.<\/p>\n<p>INFOGRAPHIC: To see each of the panelist\u2019s projections, <a href=\"http:\/\/info.aia.org\/aiarchitect\/2016\/charts\/jul2016\/ccf_072016.html\" target=\"_blank\">click here<\/a>. <\/p>\n<p>\u201cHealthy job growth, consumer confidence and low interest rates are several positive factors in the economy, which will allow some of the pent-up demand from the last downturn to go forward,\u201d said AIA Chief Economist, Kermit Baker, PhD, hon. AIA.  \u201cBut at the same time, the slowing in the overall economy could extend to the construction industry a bit \u2013 with the biggest drop off expected in the industrial facility sector over the next year and a half.\u201d <\/p>\n<p>Market Segment Consensus Growth Forecasts      2016        2017                        <\/p>\n<p>Overall nonresidential building                  5.8%       5.6%<br \/>\nCommercial \/ industrial                         11.7%       6.5%<br \/>\nHotels                                          17.9%       7.6%<br \/>\nOffice space                                    14.7%       7.5%<br \/>\nRetail                                           7.4%       5.2%<br \/>\nIndustrial facilities                           -2.1%       2.9%<br \/>\nInstitutional                                    4.5%       5.8%<br \/>\nAmusement \/ recreation                          10.0%       5.7%<br \/>\nEducation                                        6.5%       6.3%<br \/>\nHealthcare facilities                            2.3%       5.0%<br \/>\nReligious                                       -0.4%       1.9%<br \/>\nPublic safety                                   -3.7%       3.3%   <\/p>\n<p>Baker added, \u201cThe issues that could derail continued expansion in the construction sector include: weak U.S. manufacturing output, struggling economies in key international markets, the ripple effect from the Brexit decision, and the typical uncertainty leading up to a U.S. presidential election that results in reluctant investors.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months. However, continued&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Consensus Construction Forecast Predicts Healthy Outlook for #Construction Industry @AIANational","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[8],"tags":[1866,5789,5135,5794,2094,2021,5782,559,452,5791,5785,5784,5787,5788,5783,5786,5793,5790,5792,624],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forecasters Predict Healthy Outlook for Construction Industry - Roofing<\/title>\n<meta name=\"description\" content=\"After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forecasters Predict Healthy Outlook for Construction Industry - Roofing\" \/>\n<meta property=\"og:description\" content=\"After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"Roofing\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RoofingMagazine\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-03T12:00:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-08-02T23:49:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/roofingmagazine.com\/wp-content\/uploads\/2020\/10\/RoofingLogo1-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"792\" \/>\n\t<meta property=\"og:image:height\" content=\"612\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"RoofingAdmin2\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@roofingmag\" \/>\n<meta name=\"twitter:site\" content=\"@roofingmag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"RoofingAdmin2\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/\"},\"author\":{\"name\":\"RoofingAdmin2\",\"@id\":\"https:\/\/roofingmagazine.com\/#\/schema\/person\/e1ac6feaf02980cc25ba28027ed7ef7f\"},\"headline\":\"Forecasters Predict Healthy Outlook for Construction Industry\",\"datePublished\":\"2016-08-03T12:00:12+00:00\",\"dateModified\":\"2016-08-02T23:49:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/\"},\"wordCount\":258,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/roofingmagazine.com\/#organization\"},\"keywords\":[\"aia\",\"amusement\",\"commercial\",\"consensus construction forecast\",\"construction forecast\",\"construction industry\",\"construction market\",\"economy\",\"education\",\"healthcare facilities\",\"hotels\",\"industrial\",\"industrial facilities\",\"institutional\",\"nonresidential building\",\"office space\",\"public safety\",\"recreational\",\"religious\",\"retail\"],\"articleSection\":[\"Industry News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/#respond\"]}],\"copyrightYear\":\"2016\",\"copyrightHolder\":{\"@id\":\"https:\/\/roofingmagazine.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/\",\"url\":\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/\",\"name\":\"Forecasters Predict Healthy Outlook for Construction Industry - Roofing\",\"isPartOf\":{\"@id\":\"https:\/\/roofingmagazine.com\/#website\"},\"datePublished\":\"2016-08-03T12:00:12+00:00\",\"dateModified\":\"2016-08-02T23:49:52+00:00\",\"description\":\"After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months.\",\"breadcrumb\":{\"@id\":\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/roofingmagazine.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Forecasters Predict Healthy Outlook for Construction Industry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/roofingmagazine.com\/#website\",\"url\":\"https:\/\/roofingmagazine.com\/\",\"name\":\"Roofing\",\"description\":\"The Industry&#039;s Voice\",\"publisher\":{\"@id\":\"https:\/\/roofingmagazine.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/roofingmagazine.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/roofingmagazine.com\/#organization\",\"name\":\"roofingmag\",\"url\":\"https:\/\/roofingmagazine.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/roofingmagazine.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/roofingmagazine.com\/wp-content\/uploads\/2020\/10\/RoofingLogo1-1.png\",\"contentUrl\":\"https:\/\/roofingmagazine.com\/wp-content\/uploads\/2020\/10\/RoofingLogo1-1.png\",\"width\":792,\"height\":612,\"caption\":\"roofingmag\"},\"image\":{\"@id\":\"https:\/\/roofingmagazine.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/RoofingMagazine\/\",\"https:\/\/twitter.com\/roofingmag\",\"https:\/\/www.youtube.com\/channel\/UCiQaGR5PJpHPDhfoKBqJBAA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/roofingmagazine.com\/#\/schema\/person\/e1ac6feaf02980cc25ba28027ed7ef7f\",\"name\":\"RoofingAdmin2\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/roofingmagazine.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/df3057ab5f9ac7471b2343150e0e633d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/df3057ab5f9ac7471b2343150e0e633d?s=96&d=mm&r=g\",\"caption\":\"RoofingAdmin2\"},\"url\":\"https:\/\/roofingmagazine.com\/author\/roofingadmin-2\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Forecasters Predict Healthy Outlook for Construction Industry - Roofing","description":"After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/","og_locale":"en_US","og_type":"article","og_title":"Forecasters Predict Healthy Outlook for Construction Industry - Roofing","og_description":"After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months.","og_url":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/","og_site_name":"Roofing","article_publisher":"https:\/\/www.facebook.com\/RoofingMagazine\/","article_published_time":"2016-08-03T12:00:12+00:00","article_modified_time":"2016-08-02T23:49:52+00:00","og_image":[{"width":792,"height":612,"url":"https:\/\/roofingmagazine.com\/wp-content\/uploads\/2020\/10\/RoofingLogo1-1.png","type":"image\/png"}],"author":"RoofingAdmin2","twitter_card":"summary_large_image","twitter_creator":"@roofingmag","twitter_site":"@roofingmag","twitter_misc":{"Written by":"RoofingAdmin2","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/#article","isPartOf":{"@id":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/"},"author":{"name":"RoofingAdmin2","@id":"https:\/\/roofingmagazine.com\/#\/schema\/person\/e1ac6feaf02980cc25ba28027ed7ef7f"},"headline":"Forecasters Predict Healthy Outlook for Construction Industry","datePublished":"2016-08-03T12:00:12+00:00","dateModified":"2016-08-02T23:49:52+00:00","mainEntityOfPage":{"@id":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/"},"wordCount":258,"commentCount":0,"publisher":{"@id":"https:\/\/roofingmagazine.com\/#organization"},"keywords":["aia","amusement","commercial","consensus construction forecast","construction forecast","construction industry","construction market","economy","education","healthcare facilities","hotels","industrial","industrial facilities","institutional","nonresidential building","office space","public safety","recreational","religious","retail"],"articleSection":["Industry News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/#respond"]}],"copyrightYear":"2016","copyrightHolder":{"@id":"https:\/\/roofingmagazine.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/","url":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/","name":"Forecasters Predict Healthy Outlook for Construction Industry - Roofing","isPartOf":{"@id":"https:\/\/roofingmagazine.com\/#website"},"datePublished":"2016-08-03T12:00:12+00:00","dateModified":"2016-08-02T23:49:52+00:00","description":"After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months.","breadcrumb":{"@id":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/roofingmagazine.com\/forecasters-predict-healthy-outlook-for-construction-industry\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/roofingmagazine.com\/"},{"@type":"ListItem","position":2,"name":"Forecasters Predict Healthy Outlook for Construction Industry"}]},{"@type":"WebSite","@id":"https:\/\/roofingmagazine.com\/#website","url":"https:\/\/roofingmagazine.com\/","name":"Roofing","description":"The Industry&#039;s Voice","publisher":{"@id":"https:\/\/roofingmagazine.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/roofingmagazine.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/roofingmagazine.com\/#organization","name":"roofingmag","url":"https:\/\/roofingmagazine.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/roofingmagazine.com\/#\/schema\/logo\/image\/","url":"https:\/\/roofingmagazine.com\/wp-content\/uploads\/2020\/10\/RoofingLogo1-1.png","contentUrl":"https:\/\/roofingmagazine.com\/wp-content\/uploads\/2020\/10\/RoofingLogo1-1.png","width":792,"height":612,"caption":"roofingmag"},"image":{"@id":"https:\/\/roofingmagazine.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/RoofingMagazine\/","https:\/\/twitter.com\/roofingmag","https:\/\/www.youtube.com\/channel\/UCiQaGR5PJpHPDhfoKBqJBAA"]},{"@type":"Person","@id":"https:\/\/roofingmagazine.com\/#\/schema\/person\/e1ac6feaf02980cc25ba28027ed7ef7f","name":"RoofingAdmin2","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/roofingmagazine.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/df3057ab5f9ac7471b2343150e0e633d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/df3057ab5f9ac7471b2343150e0e633d?s=96&d=mm&r=g","caption":"RoofingAdmin2"},"url":"https:\/\/roofingmagazine.com\/author\/roofingadmin-2\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7yG4I-1dX","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/posts\/4709"}],"collection":[{"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/comments?post=4709"}],"version-history":[{"count":1,"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/posts\/4709\/revisions"}],"predecessor-version":[{"id":4710,"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/posts\/4709\/revisions\/4710"}],"wp:attachment":[{"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/media?parent=4709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/categories?post=4709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roofingmagazine.com\/wp-json\/wp\/v2\/tags?post=4709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}