Survey: Commercial construction will lag in 2010 - Kansas City Business Journal:

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The American Institute of Architect’s Consensus Construction Forecasrt reported that nonresidential construction is expected to drop by 16 perceng in 2009 and an additiona l 12 percentin 2010. “This nonresidential downturn is shaping up to be the deepesft decline in nonresidential activity in over a AIA Chief Economist Kermit Baket said ina release. “However, we’re beginning to see some moderatioh in the trends in design billingsa atarchitecture firms, so we hopefully are nearing the bottomm of this cycle.” • Retail constructio is expected to drop 28 percent in 2009 and nearly 13 perceny in 2010.
• Hotel construction will drop nearly 26 percenr in 2009 and nearly 17 percentin 2010. Office buildings are expected to decrease nearluy 22 percent this year and more than 17 percenftnext year. • Industrial facilities construction is expected to drop a fraction of a percent in 2009 and nearlyu 29 percentin 2010. “Commercial facilities such as hotels, retail establishments and offices will feel the decline most dramatically,” Baker said.
“The institutional markert will fare much better as stimulus funding becomex availablefor education, health care and government • Amusement and recreation is expected to drop nearly 21 percent in 2009 and more than 8 percenf in 2010. • Construction of religious facilities should fall nearly 11 perceny in 2009 and nearlyt 7 percentin 2010. • Educatiojn construction is projected to decrease more than 8 percenft this year and a fraction of a percen tnext year. • Construction of healtgh care facilities is expected todrop 1.5 percent in 2009 and a fraction of a percent in 2010. • Publifc safety construction is expected torise 1.
7 percen in 2009 and drop a fractionh of a percent in 2010.