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Non-residential Construction Staged to Grow in 2019

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Non-residential Construction Staged to Grow in 2019As the last quarter of 2018 draws near, the construction industry is already looking to the future hoping to determine what non-residential construction markets have the greatest growth potential in 2019. The American Institute of Architects (AIA) weighed in last month suggesting that the U.S. economy will see a modest 4 percent jump in construction spending, a slight decline versus the expected 4.5 percent this year.

Some segments are poised to grow faster than others. The top three construction sectors for growth in 2019 are:

3. Industrial – 4.9% (up from -0.1%)

2. Education – 5.2% (up from 4.0%)

1. Public Safety – 5.9% (down from 10.9%)

These segments at the bottom of the list stand to show little or no growth:

3. Amusement/Recreation – 2.8% (down from 4.0%)

2. Retail – 2.7% (down from 6.3%)

1. Religious – 0.0% (up from -4.1%)

See the AIA’s forecast here, then get started on your game plan for 2019.

The post Non-residential Construction Staged to Grow in 2019 appeared first on ModSpace Blog – Construction News, Updates & Insights.


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