CONSENSUS CONSTRUCTION FORECAST, JUNE 2018

Click on each name to see their forecast

Consensus

  Actual Forecast
$ % Change
2017 2018 2019
Nonresidential Total 4.7 4.0
Commercial Total 6.7 3.4
Office 6.6 4.1
Retail & Other Commercial 6.3 2.7
Hotel 7.9 3.6
Industrial Total -0.1 4.9
Institutional Total 4.5 4.5
Health 4.7 4.4
Education 4.0 5.2
Religious -4.1 0.0
Public Safety 10.9 5.9
Amusement & Recreation 4.0 2.8

Dodge Data & Analytics

Bob Murray
(781) 430-2201
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2017 2018 2019
Nonresidential Total 419.3 3.6 3.2
Commercial Total 183.3 6.7 1.6
Office 66.9 6.4 3.2
Retail & Other Commercial 87.7 5.8 0.3
Hotel 28.7 10.2 1.7
Industrial Total 66.4 -4.9 3.1
Institutional Total 169.6 3.6 5.0
Health 41.9 3.6 4.9
Education 91.2 3.1 5.7
Religious 3.4 -3.1 0.9
Public Safety 8.3 11.6 3.6
Amusement & Recreation 24.9 3.8 3.5

IHS Economics

Scott Hazelton
(781) 301-9044
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2017 2018 2019
Nonresidential Total 425.1 6.2 2.8
Commercial Total 162.9 7.4 1.3
Office 60.7 7.9 4.5
Retail & Other Commercial 74.5 5.2 -2.3
Hotel 27.7 12.1 4.0
Industrial Total 66.1 2.5 4.4
Institutional Total 185.0 6.5 3.4
Health 40.0 7.9 4.7
Education 91.9 6.0 6.8
Religious 3.2 -10.5 -5.4
Public Safety N/A N/A N/A
Amusement & Recreation 23.6 0.9 -5.2

Moody’s Economy.com

Loc Quach
(610) 235-5125
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2017 2018 2019
Nonresidential Total 438.6 4.4 5.4
Commercial Total 162.7 8.2 6.4
Office 58.6 7.6 4.2
Retail & Other Commercial 76.1 7.6 8.2
Hotel 28.0 11.0 6.0
Industrial Total 65.9 -3.2 5.2
Institutional Total 169.8 2.8 5.1
Health 41.9 1.9 3.5
Education 91.5 3.3 5.3
Religious 3.4 -3.5 9.5
Public Safety 8.2 9.0 5.6
Amusement & Recreation 24.9 1.2 6.0

FMI

Randy Giggard
(919) 785-9268
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2017 2018 2019
Nonresidential Total 484.2 5.9 6.3
Commercial Total 251.4 6.9 6.7
Office 68.8 8.8 8.2
Retail & Other Commercial* 154.1 6.5 6.2
Hotel 28.5 4.3 6.2
Industrial Total 66.4 3.5 7.2
Institutional Total 166.4 5.3 5.3
Health 40.1 4.7 3.9
Education 91.4 5.2 6.3
Religious 3.2 1.7 -2.4
Public Safety 8.2 7.6 5.2
Amusement & Recreation 23.6 6.6 4.8

ConstructConnect

Alex Carrick
(905) 752-5538
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2017 2018 2019
Nonresidential Total 417.5 5.5 4.5
Commercial Total 184.6 7.0 4.2
Office 68.8 4.2 4.3
Retail & Other Commercial 87.3 9.0 4.3
Hotel 28.5 7.4 3.3
Industrial Total 66.4 0.9 5.2
Institutional Total 166.5 5.6 4.7
Health 40.1 6.7 6.3
Education 91.4 4.0 3.8
Religious 3.2 0.0 0.0
Public Safety 8.2 14.6 8.5
Amusement & Recreation 23.6 7.2 4.7

Associated Builders and Contractors

Anirban Basu
(703) 812-2062
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2017 2018 2019
Nonresidential Total 417.4 5.1 2.8
Commercial Total 184.6 4.6 -0.4
Office 68.8 4.4 -0.1
Retail & Other Commercial 87.3 4.6 -1.0
Hotel 28.5 5.6 1.0
Industrial Total 66.4 5.8 6.3
Institutional Total 166.4 5.4 4.8
Health 40.1 5.0 3.8
Education 91.4 4.5 5.4
Religious 3.2 -6.2 -3.7
Public Safety 8.2 14.5 6.4
Amusement & Recreation 23.6 7.8 4.4

Wells Fargo Securities, LLC

Mark Vitner
(704) 410-3277
Spending Put-In-Place
(billions of $)
Actual Forecast
$ % Change
2017 2018 2019
Nonresidential Total 419.3 2.6 3.3
Commercial Total 183.3 5.7 3.7
Office 66.9 6.5 4.6
Retail & Other Commercial 87.7 5.5 3.2
Hotel 28.7 4.5 3.1
Industrial Total 66.4 -5.1 2.9
Institutional Total 169.6 2.2 3.1
Health 41.9 2.9 3.4
Education 91.2 2.1 3.2
Religious 3.4 -7.5 1.4
Public Safety 8.3 8.1 5.8
Amusement & Recreation 24.9 0.4 1.2

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) dollars.