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

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The ’s Consensus Construction Forecasf reported nonresidential construction is expected to drop by 16 percentf in 2009 and by another 12 percent in said anews release. “This nonresidentia l downturn is shaping up to be the deepestt decline in nonresidential activity in over a saidKermit Baker, chief economist for the AIA. we’re beginning to see some moderation in the trends in desigj billings atarchitecture firms, so we hopefull are nearing the bottom of this cycle.” Retail construction is expected to drop 28 percentf in 2009 and by nearlu 13 percent in 2010. Hotel construction will drop by nearly 26 percent in 2009 and by nearl y 17 percentin 2010.
• Office buildings are expected to decreasee by nearly 22 percent this year and by more than 17 percenttnext year. • Industrial facilities constructionj is expected to drop by a fraction of a perceng in 2009 and by nearly 29 percentin 2010. “Commercial facilitie such as hotels, retail establishments and officesa will feel the declinemost dramatically,” said “The institutional market will fare much bettef as stimulus funding becomes availabld for education, health care and governmenf facilities.” • Amusement and recreation is expected to drop nearlty 21 percent in 2009 and by more than 8 percent in 2010.
Construction of religious facilities should fall by nearl 11 percent in 2009 and by nearly 7 percengin 2010. • Education construction is projected to decreases by more than 8 percent this year and by a fractioh of a percentnext year. • Construction of healt care facilities is expected to dropby 1.5 percentr in 2009 and by a fraction of a percent in 2010. Public safety construction is expected torise 1.7 percent in 2009 and drop a fractio n of a percent in 2010.