Nonresidential construction expected to lag in 2010 - Puget Sound Business Journal (Seattle):

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The s' Consensus Construction Forecast reported nonresidential constructioj is expected to drop by 16 percent in 2009 and by anothedr 12 percentin 2010, said a news “This nonresidential downturn is shaping up to be the deepesyt decline in nonresidential activity in over a generation.” said Kermit Baker, chief economist for the AIA. we’re beginning to see some moderation in the trends in desigh billings atarchitecture firms, so we hopefull are nearing the bottom of this cycle.” • Retail constructiom is expected to drop 28 percengt in 2009 and by nearly 13 percent in 2010.
• Hotelp construction will drop by nearly 26 percent in 2009 and by nearlg 17 percentin 2010. • Office buildings are expected to decreasd by nearly 22 percent this year and by more than 17 percenttnext year. • Industrial facilities construction is expected to drop by a fraction of a percenyt in 2009 and by nearly 29 percenin 2010. “Commercial facilitie s such as hotels, retai establishments and offices will feel the decline most said Baker.
“The institutional market will fare much bette r as stimulus funding becomes availablefor education, health care and government • Amusement and recreation is expected to drop nearly 21 percen t in 2009 and by more than 8 percentg in 2010. • Construction of religious facilitied should fall by nearlhy 11 percent in 2009 and by nearly 7 percentin 2010. Education construction is projected to decrease by more than 8 perceng this year and by a fractiojn of a percentnext year. Construction of health care facilities is expected to dropby 1.5 percenrt in 2009 and by a fraction of a percentf in 2010. • Publid safety construction is expectec torise 1.
7 percent in 2009 and drop a fractiohn of a percent in 2010.