CONSENSUS CONSTRUCTION FORECAST, JULY 2016

Click on each name to see their forecast

Consensus

  Actual Forecast
$ % Change
2015 2016 2017
Nonresidential Total 5.8 5.6
Commercial Total 11.7 6.5
Office 14.7 7.5
Retail & Other Commercial 7.4 5.2
Hotel 17.9 7.6
Industrial Total -2.1 2.9
Institutional Total 4.5 5.8
Health 2.3 5.0
Education 6.5 6.3
Religious -0.4 1.9
Public Safety -3.7 3.3
Amusement & Recreation 10.0 5.7

Dodge Data & Analytics

Bob Murray
(781) 430-2201
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2015 2016 2017
Nonresidential Total 385.7 7.4 9.3
Commercial Total 144.5 15.4 11.7
Office 56.0 17.3 12.8
Retail & Other Commercial 67.4 10.4 11.7
Hotel 21.1 25.9 9.2
Industrial Total 83.4 -5.3 2.3
Institutional Total 157.8 6.9 10.3
Health 40.0 2.0 5.7
Education 84.9 8.6 13.1
Religious 3.4 3.3 4.7
Public Safety 8.9 -2.4 2.6
Amusement & Recreation 20.7 13.9 10.7

IHS Economics

Scott Hazelton
(781) 301-9044
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2015 2016 2017
Nonresidential Total 391.9 4.5 3.8
Commercial Total 124.1 12.9 2.4
Office 47.9 14.8 2.8
Retail & Other Commercial 55.7 11.0 1.7
Hotel 20.5 13.5 3.2
Industrial Total 83.0 -7.0 -3.3
Institutional Total 174.2 4.8 7.8
Health 40.0 5.4 11.9
Education 84.6 8.2 9.7
Religious 3.4 -9.1 -10.1
Public Safety N/A N/A N/A
Amusement & Recreation 20.7 -2.2 -5.4

Moody’s Economy.com

Mark Zandi
(610) 235-5151
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2015 2016 2017
Nonresidential Total 389.6 5.5 6.5
Commercial Total 133.1 14.0 7.3
Office 47.9 20.0 6.7
Retail & Other Commercial 39.2 5.7 5.8
Hotel 20.5 19.6 9.4
Industrial Total 83.0 -6.4 4.8
Institutional Total 184.9 2.7 5.4
Health 40.0 0.0 2.3
Education 84.6 7.0 4.7
Religious 3.0 7.5 14.2
Public Safety 8.7 -3.4 5.6
Amusement & Recreation 20.7 22.7 10.2

FMI

Randy Giggard
(919) 785-9268
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2015 2016 2017
Nonresidential Total 450.0 6.1 5.5
Commercial Total 208.8 8.2 5.5
Office 56.0 10.6 5.2
Retail & Other Commercial 131.7 6.2 5.5
Hotel 21.1 14.4 7.0
Industrial Total 83.4 4.1 6.3
Institutional Total 157.8 4.3 5.0
Health 40.0 3.2 6.4
Education 84.9 5.6 4.6
Religious 3.4 -1.6 1.9
Public Safety 8.9 -4.9 3.2
Amusement & Recreation 20.7 6.0 5.4

CMD iSqFt

Alex Carrick
(905) 752-5538
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2015 2016 2017
Nonresidential Total 385.8 8.1 6.9
Commercial Total 144.5 13.4 10.3
Office 56.0 15.7 11.6
Retail & Other Commercial 67.4 9.9 8.5
Hotel 21.1 18.5 12.0
Industrial Total 83.4 4.0 4.0
Institutional Total 157.9 5.3 5.1
Health 40.0 4.0 4.3
Education 84.9 5.4 5.0
Religious 3.4 -5.9 -3.1
Public Safety 8.9 -4.5 2.4
Amusement & Recreation 20.7 13.5 8.5

Associated Builders and Contractors

Anirban Basu
(703) 812-2062
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2015 2016 2017
Nonresidential Total 385.8 3.0 3.5
Commercial Total 144.5 8.5 3.2
Office 56.1 11.3 5.6
Retail & Other Commercial 67.4 3.4 1.8
Hotel 21.1 17.4 1.3
Industrial Total 83.4 -3.9 6.0
Institutional Total 157.9 1.5 2.5
Health 40.0 0.1 3.4
Education 84.9 2.4 1.9
Religious 3.4 1.7 4.1
Public Safety 8.9 -5.7 2.5
Amusement & Recreation 20.7 3.3 3.0

Wells Fargo Securities, LLC

Anika Kahn
(704) 410-3271
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2015 2016 2017
Nonresidential Total 353.8 5.9 3.8
Commercial Total 133.1 9.4 5.3
Office 47.9 12.9 7.6
Retail & Other Commercial 64.7 4.9 1.5
Hotel 20.5 15.7 11.1
Industrial Total 83.0 0.0 0.2
Institutional Total 137.7 6.1 4.4
Health 31.0 1.5 1.3
Education 84.6 8.0 5.3
Religious 3.4 1.2 1.4
Public Safety 8.6 -1.5 3.2
Amusement & Recreation 10.1 12.5 7.5

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.