Nonresidential construction expected to lag in 2010 - Atlanta Business Chronicle:

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The ’s Consensus Construction Forecast reported nonresidential constructionb is expected to drop by 16 percent in 2009 and by anothe 12 percent in said anews “This nonresidential downturn is shaping up to be the deepesr decline in nonresidential activity in over a said Kermit Baker, chief economist for the AIA. we’re beginning to see some moderationj in the trends in design billings atarchitecture firms, so we hopefullh are nearing the bottom of this cycle.” Retail construction is expectede to drop 28 percent in 2009 and by nearly 13 percentf in 2010. • Hotel construction will drop by nearlyg 26 percent in 2009 and by nearly 17 percentyin 2010.
• Office buildings are expected to decreasw by nearly 22 percent this year and by more than 17 percentynext year. • Industriapl facilities construction is expectedc to drop by a fraction of a percentr in 2009 and by nearly 29 percenrtin 2010. “Commercial facilities such as hotels, retail establishmentws and offices will feel the decline most said Baker. “The institutional market will fare much bettert as stimulus funding becomews availablefor education, health care and government • Amusement and recreation is expected to drop nearlyh 21 percent in 2009 and by more than 8 percenf in 2010.
• Construction of religious facilitiew should fall by nearly 11 perceng in 2009 and by nearly 7 percent in 2010. • Education construction is projected to decreased by more than 8 percent this year and by a fractionn of a percentnext year. Construction of health care facilities is expected to dropby 1.5 percent in 2009 and by a fraction of a percentf in 2010. • Public safety construction is expectef torise 1.7 percent in 2009 and drop a fractionb of a percent in 2010.