CONSENSUS CONSTRUCTION FORECAST, JUNE 2015

Click on each name to see their forecast

Consensus

  Actual Forecast
$ % Change
2014 2015 2016
Nonresidential Total 8.9 8.2
Commercial Total 12.3 10.6
Office 14.7 11.7
Retail & Other Commercial 10.4 8.9
Hotel 13.3 12.4
Industrial Total 21.9 9.9
Institutional Total 2.8 5.6
Health 2.4 5.8
Education 1.5 5.9
Religious -5.3 1.5
Public Safety -1.9 2.9
Amusement & Recreation 14.3 5.9

Dodge Data & Analytics

Bob Murray
(781) 430-2201
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2014 2015 2016
Nonresidential Total 320.5 11.6 12.8
Commercial Total 118.0 16.2 16.6
Office 44.6 19.2 18.4
Retail & Other Commercial 57.3 13.7 15.2
Hotel 16.1 17.1 16.1
Industrial Total 55.5 24.6 17.2
Institutional Total 147.0 3.0 7.5
Health 39.0 0.4 4.8
Education 78.4 2.9 8.9
Religious 3.6 -5.8 0.3
Public Safety 9.3 -3.2 2.4
Amusement & Recreation 16.7 15.1 10.4

IHS-Global Insight

Scott Hazelton
(781) 301-9044
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2014 2015 2016
Nonresidential Total 324.9 10.3 8.9
Commercial Total 100.0 15.1 11.3
Office 36.8 19.0 14.3
Retail & Other Commercial 47.6 11.4 8.2
Hotel 15.6 16.8 13.3
Industrial Total 54.8 27.7 5.6
Institutional Total 161.3 1.9 8.7
Health 38.9 2.8 12.5
Education 78.3 1.3 12.4
Religious 3.6 -16.7 -7.9
Public Safety N/A N/A N/A
Amusement & Recreation 16.6 8.4 -7.2

Moody’s Economy.com

Mark Zandi
(610) 235-5151
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2014 2015 2016
Nonresidential Total 337.9 7.5 8.2
Commercial Total 100.5 13.1 10.8
Office 36.8 18.5 12.2
Retail & Other Commercial 47.6 12.1 7.9
Hotel 16.1 7.9 10.3
Industrial Total 54.8 30.8 10.7
Institutional Total 146.4 3.8 6.2
Health 38.9 1.4 4.0
Education 78.3 -0.6 5.6
Religious 4.0 -6.1 14.4
Public Safety 9.1 -6.5 5.3
Amusement & Recreation 16.6 38.0 11.1

FMI

Randy Giggard
(919) 785-9268
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2014 2015 2016
Nonresidential Total 378.5 7.6 6.0
Commercial Total 176.0 10.2 6.9
Office 44.6 11.3 6.0
Retail & Other Commercial 115.2 9.4 6.9
Hotel 16.1 12.1 9.8
Industrial Total 55.5 16.9 7.8
Institutional Total 147.0 1.0 3.9
Health 39.0 1.5 3.7
Education 78.4 -0.2 3.7
Religious 3.6 -4.9 0.9
Public Safety 9.3 -2.9 2.5
Amusement & Recreation 16.7 8.7 6.4

Construction Market Data

Alex Carrick
(905) 752-5538
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2014 2015 2016
Nonresidential Total 320.5 10.4 7.8
Commercial Total 118.0 13.3 8.7
Office 44.6 14.0 8.5
Retail & Other Commercial 57.3 12.0 8.0
Hotel 16.1 16.0 12.0
Industrial Total 55.5 18.0 11.0
Institutional Total 147.0 5.2 5.7
Health 39.0 5.5 6.5
Education 78.4 3.5 4.0
Religious 3.6 -2.0 2.0
Public Safety 9.3 -2.0 2.5
Amusement & Recreation 16.7 18.0 13.0

Associated Builders and Contractors

Anirban Basu
(703) 812-2062
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2014 2015 2016
Nonresidential Total 320.5 6.7 5.3
Commercial Total 118.0 9.5 8.6
Office 44.6 9.8 9.0
Retail & Other Commercial 57.3 8.4 7.4
Hotel 16.1 12.3 11.5
Industrial Total 55.5 19.6 6.1
Institutional Total 146.9 -0.3 2.1
Health 39.0 -0.3 3.1
Education 78.4 -1.6 1.4
Religious 3.6 -2.0 -0.3
Public Safety 9.3 -0.3 1.8
Amusement & Recreation 16.7 5.7 4.0

Wells Fargo Securities, LLC

Anika Kahn
(704) 410-3271
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2014 2015 2016
Nonresidential Total 319.5 8.2 8.3
Commercial Total 117.5 8.5 11.1
Office 44.5 11.4 13.2
Retail & Other Commercial 56.9 5.7 8.7
Hotel 16.1 10.5 13.5
Industrial Total 55.4 15.7 10.6
Institutional Total 146.7 5.2 5.1
Health 38.9 5.3 6.2
Education 78.3 5.4 5.3
Religious 3.6 0.0 1.0
Public Safety 9.3 3.4 3.2
Amusement & Recreation 16.6 5.9 3.6

Notes:

The AIA Consensus Forecast is computed as an average of the forecasts provided by the panelists that submit forecasts for each of the included building categories.

There are no standard definition of some nonresidential building categories, so panelists may define a given category somewhat differently.

Panelists may forecast only a portion of a category (e.g public buildings but not private buldings); these forecasts are treated like other forecasts in computing the consensus.

All forecasts are presented in current (non-inflation adjusted) dollar.