Nonresidential spending to decline. The commercial building sector is expected to be the hardest hit. As a result of the partially shutdown economy, businesses and organizations will continue to be hesitant to invest in modernized or new facilities, according to a mid-year update to the American Institute of Architects’ (AIA) Consensus Construction Forecast. The trend ends an almost decade-long expansion in construction spending. To read the entire article, click on the link below.
tomc732
Tom is a construction estimator with over 35 years of experience in the industry from field work to general contracting.