Modest Decline in Nonresidential Construction Activity Anticipated in 2008 with More Dramatic Drop in 2009 PDF Print E-mail

As the nonresidential sector has experienced cutbacks in demand for new space, the projections for construction activity for new nonresidential facilities are for a mild decline in 2008, with a more significant downturn in 2009.

The two largest institutional categories, healthcare and education facilities, should see a slight increase this year and could help offset some of the losses in the other project categories.

Source: American Institute of Architects

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