Nonresidential construction market momentum to continue

{"version":"0.3.0","atoms":[],"cards":[["images-card",{"images":[{"url":"http:\/\/res.cloudinary.com\/dpcbzfiye\/image\/upload\/v1458326567\/z4gvuxpzljbdtncs7eo7.jpg","id":"576"}]}]],"markups":[["a",["href","aia.org","target","_new"]]],"sections":[[1,"h3",[[0,[],0,"For immediate release"]]],[1,"p",[[0,[],0,"Washington, D.C. - February 11, 2016 - Construction spending greatly exceeded expectations in the nonresidential market in 2015, and this year should see healthy growth levels as well. There continues to be significant demand for hotels, office space, manufacturing facilities and amusement and recreation spaces."]]],[1,"p",[[0,[],0,"The American Institute of Architects\u2019 (AIA) semi-annual Consensus Construction Forecast, a survey of the nation\u2019s leading construction forecasters, is projecting that spending will increase just more than eight percent in 2016, with next year\u2019s projection being an additional 6.7% gain."]]],[1,"p",[[0,[],0,"\u201cWhile rising interest rates could pose a challenge to the U.S. economy, lower energy prices, improved employment figures and an enacted federal budget for 2016 are all factoring into a very favorable outlook for the construction industry,\u201d said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. \u201cAnd after several years of challenging economic circumstances the institutional project sector is finally on very solid footing.\u201d"]]],[10,0],[1,"h3",[[0,[],0,"About the AIA Consensus Construction Forecast Panel"]]],[1,"p",[[0,[],0,"The AIA Consensus Construction Forecast Panel is conducted twice a year with the leading nonresidential construction forecasters in the United States including, Dodge Data \u0026 Analytics, Wells Fargo Securities, IHS-Global Insight, Moody\u2019s economy.com, CMD Group, Associated Builders \u0026 Contractors and FMI. The purpose of the Consensus Construction Forecast Panel is to project business conditions in the construction industry over the coming 12 to 18 months. The Consensus Construction Forecast Panel has been conducted for 17 years."]]],[1,"h3",[[0,[],0,"About The American Institute of Architects"]]],[1,"p",[[0,[],0,"Founded in 1857, the American Institute of Architects consistently work to create more valuable, healthy, secure, and sustainable buildings, neighborhoods, and communities. Through nearly 300 state and local chapters, the AIA advocates for public policies that promote economic vitality and public well-being. Members adhere to a code of ethics and conduct to ensure the highest professional standards. The AIA provides members with tools and resources to assist them in their careers and business as well as engaging civic and government leaders and the public to find solutions to pressing issues facing our communities, institutions, nation and world. Visit "],[0,[0],1,"www.aia.org"],[0,[],0,". "]]]]}