Today we’ll be looking at what economists Alex Carrick, ConstructConnect; Kermit Baker, American Institute of Architects (AIA); and Ken Simonson, Associated General Contractors of America (AGC) have to say about the outlook for construction in 2018. We’ll also look at some of the things they like about construction prospects for the remainder of the year and beyond as well as areas of concern that may be cause for worry.
These forecasts were presented in the U.S. Construction Prospects – Much to Like (Much to Worry About) webcast presented by ConstructConnect, the Associated General Contractors of America (AGC) and the American Institute of Architects (AIA).
2018 Construction Starts & Spending Forecast
Construction spending and starts are expected to remain strong in 2018, but again the amount of growth is forecast to be a bit more subdued.