Non-Residential Construction Slated Downward In 2009 February 11, 2009

The downturn in the economy will translate into a drop for the nonresidential construction industry over the coming years. Construction activity will see an 11 percent decline in 2009, followed by an additional 5 percent drop in 2010. All the major commercial sectors will be hit by this downturn, with declines expected to total between 25 percent and 35 percent for offices, retail facilities, and hotels over 2009 and 2010. Industrial activity—manufacturing and related distribution facilities—is slated to slow almost as much, with a 20 percent decline over this period. Institutional facilities should fare better, with two-year declines projected to run about 7 percent, and less than 5 percent for health-care facilities - A.I.A.

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