Survey: Commercial construction will lag in 2010 - Phoenix Business Journal:

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The American Institute of Architect’s Consensus Constructiob Forecast reported that nonresidential construction is expectecd to drop by 16 percent in 2009 and an additional 12 percentin 2010. “This nonresidential downturn is shaping up to be the deepest decline in nonresidentiakl activity in overa generation.” AIA Chiecf Economist Kermit Baker said in a release. we’re beginning to see some moderation in the trends in design billings atarchitecture firms, so we hopefullyy are nearing the bottom of this • Retail construction is expectec to drop 28 percent in 2009 and nearly 13 percentt in 2010.
• Hotel constructioj will drop nearly 26 percent in 2009 and nearly 17 percentin 2010. Office buildings are expectedx to decrease nearly 22 percent this year and more than 17 percentgnext year. • Industrial facilitie s construction is expected to drop a fractio of a percent in 2009 and nearly 29 percentin 2010. “Commercial facilitiesz such as hotels, retaip establishments and offices will feel the declinsmost dramatically,” Baker said. “The institutional markef will fare much better as stimulus fundinbg becomes availablefor education, health care and governmentt facilities.
” • Amusement and recreation is expected to drop nearl y 21 percent in 2009 and more than 8 percenr in 2010. • Construction of religious facilities should fall nearly 11 percenr in 2009 and nearly 7 percentfin 2010. • Education construction is projectefd to decrease more than 8 percentr this year and a fraction of a percenftnext year. • Construction of healthb care facilities is expected todrop 1.5 percent in 2009 and a fractiohn of a percent in 2010. • Public safetyy construction is expected torise 1.7 percent in 2009 and drop a fraction of a percent in 2010.