Nonresidential construction expected to lag in 2010 - Denver Business Journal:

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The ' "Consensus Construction Forecast" reports nonresidential construction is expected to drop by 16 percent in 2009 and by another 12 percenin 2010, the group said “This nonresidential downturn is shaping up to be the deepesyt decline in nonresidential activith in over a generation.” said Kermit Baker, chiefv economist for the AIA. “However, we’re beginning to see some moderatiob in the trends in design billingx atarchitecture firms, so we hopefullyg are nearing the bottom of this • Retail construction is expectex to drop 28 percent in 2009 and by nearly 13 percengt in 2010.
• Hotel construction will drop by nearlyh 26 percent in 2009 and by nearlty 17 percentin 2010. • Office buildings are expectecd to decrease by nearlu 22 percent this year and by more than 17 percenftnext year. • Industrial facilities constructiojn is expected to drop by a fractiob of a percent in 2009 and by nearlyg 29 percentin 2010. “Commercial facilitiese such as hotels, retail establishments and offices will feel the declinmost dramatically,” said Baker.
“The institutional market will fare much betterr as stimulus funding becomes available for health care andgovernment • Amusement and recreation is expected to drop nearly 21 percent in 2009 and by more than 8 percenft in 2010. • Construction of religioua facilities should fall by nearly 11 percent in 2009 and by nearlh 7 percentin 2010. • Educationn construction is projected to decrease by more than 8 perceng this year and by a fraction of a percentnext year. • Construction of health care facilitie is expected to dropby 1.5 percent in 2009 and by a fractionn of a percent in 2010. • Public safety construction is expected torise 1.
7 percenty in 2009 and drop a fraction of a perceny in 2010.