2012 Nonresidential Construction Outlook: A Modest Recovery

In June 2011, the American Institute of Architects (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, projected a 5.6% decrease in nonresidential construction spending in 2011 from 2010, followed by a significant rebound with a projected 6.4% increase in spending in 2012.

A weaker than expected economy led to a revision of this forecast in January 2012, with the Consensus Construction Forecast projecting 2.1% growth in nonresidential construction spending in 2012 and 6.4% in 2013. In short, a modest recovery in 2012.

This construction outlook reviews the year’s top line construction numbers, shows where leading construction and electrical industry indicators are trending, and provides a summary of the latest AIA Consensus Construction Forecast for 2011.

Click here to read this special report by Craig DiLouie, LC.

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The leading source of lighting controls education for more than 10 years, the Lighting Controls Association is a non-profit organization administered by the National Electrical Manufacturers Association with the mission of educating the professional lighting community about lighting control and controllable ballast technology and application. Members include Cooper Controls, DELTA Controls, Encelium Technologies, GE Lighting, Hubbell Building Automation, HUNT Dimming, Leviton, Lightronics, Lutron Electronics, OSRAM SYLVANIA, Philips Lighting Electronics, PLC-Multipoint, Schneider Electric, Sensor Switch, Synergy Lighting Controls, Tridonic, Universal Lighting Technologies and WattStopper.

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