AIA foresees nonres building spending increasing, but at a slower pace than in 2016
BD+C
JANUARY 31, 2017
Despite what it describes as a “chaotic” year saddled with labor shortages and interest-rate creep, the American Institute of Architects (AIA) estimates that spending for nonresidential construction increased by nearly 8% in 2016. That growth is expected to continue for “another couple of years,” albeit somewhat more modestly.
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