American Institute of Architects survey: Commercial construction to plunge - Triangle Business Journal:

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“This nonresidential downturn is shaping up to be the deepest declinew in nonresidential activity in overa generation,” said Kermitg Baker, chief economist for the AIA. “However, we’re beginning to see some moderation in the trends in design billinge atarchitecture firms, so we hopefully are nearing the bottom of this • Retail construction is expectes to drop 28 percent in 2009 and by nearlt 13 percent in 2010. • Hotel constructiohn will drop by nearly 26 percent in 2009 and by nearlg 17 percentin 2010. • Office buildingz are expected to decrease by nearly 22 percent this year and by more than 17 percent next year.
• Industrial facilities constructioh is expected to drop by a fractio n of a percent in 2009 and by nearly 29 percentin 2010. “Commercia l facilities such as hotels, retail establishments and offices will feel the decline most said Baker. “The institutional markett will fare much better as stimulus fundintg becomes available for health care andgovernmentt facilities.” • Amusement and recreation is expectex to drop nearly 21 percent in 2009 and by more than 8 percentt in 2010. • Construction of religious facilitiesd should fall by nearly 11 percent in 2009 and by nearly 7 percentin 2010.
• Educatiobn construction is projected to decrease by more than 8 percent this year and by a fractionb of a percentnext year. Construction of health care facilities is expectedd to dropby 1.5 percent in 2009 and by a fraction of a percent in 2010. • Publixc safety construction is expecter torise 1.7 percent in 2009 and drop a fractionj of a percent in 2010.