Tag Archives: Kermit Baker

Nonresidential Building Spending to Decline Through 2021

As a result of the partial economic shutdown, businesses and organizations will continue to be hesitant to invest in modernized or new facilities, according to a mid-year update to the American Institute of Architects’ (AIA) Consensus Construction Forecast. The trend … Continue reading

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Construction Economy Continues Up, But Not Without Challenges

Is construction gaining or waning? That was the question industry economists addressed last week in a spring economic forecast webinar hosted by CMD Group. In terms of the overall U.S. economy, American Institute of Architects (AIA) chief economist Kermit Baker­ … Continue reading

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Stage Set for Employment Cost Increase in Construction Industry

As the U.S. construction industry continues its recovery, the much-discussed labor shortage will continue to change its scope. With that change will also come an increase in pay for workers, according to Associated General Contractors of America (AGC) chief economist … Continue reading

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ABI Remains Strong with Only Slight Dip in August

On the heels of recording its strongest pace of growth since 2007, there continues to be an increasing level of demand for design services signaled in the latest Architecture Billings Index (ABI). As an economic indicator of construction activity, the … Continue reading

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Mid-Year Housing Report: Regional Differences Still Exist and Employment Plays Key Role

How is the housing recovery faring? Well it depends on where you live as major discrepancies still exist in different markets. Slow income growth is also prohibiting home purchases, while “part of the slow recovery has to do with slow … Continue reading

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