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Exceptionally Strong Growth in Nonresidential Building Spending Projected for 2023; Slower Gains Predicted for 2024
According to AIA’s Consensus Construction Forecast WASHINGTON – July 18, 2023 – The American Institute of Architect’s (AIA) Consensus Construction Forecast panel has optimistic projections for nonresidential building spending in late 2023 and beyond, and the news is generally positive – with a caveat. The panel—comprised of leading economic forecasters—is projecting that spending on buildings will increase by 20% this...
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