Nonresidential construction expected to lag in 2010 - Silicon Valley / San Jose Business Journal:

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The ’s Consensus Construction Forecast reported nonresidentialp construction is expected to drop by 16 percen in 2009 and by another 12 percenyin 2010, said a news “This nonresidential downturn is shapinv up to be the deepest declinw in nonresidential activity in over a said Kermit Baker, chief economis for the AIA. “However, we’re beginning to see some moderatioj in the trends in desigbn billings at architecture so we hopefully are nearing the bottokm ofthis cycle.” Retail construction is expected to drop 28 percen t in 2009 and by nearly 13 percent in 2010. Hotel construction will drop by nearly 26 percen t in 2009 and by nearly 17 percentin 2010.
Office buildings are expected to decreasse by nearly 22 percent this year and by more than 17 percentfnext year. • Industrial facilities construction is expected to drop by a fractioh of a percent in 2009 and by nearly 29 percenin 2010. “Commercial facilities such as hotels, retail establishmentsx and offices will feel the declinemost dramatically,” said “The institutional market will fare much betterr as stimulus funding becomes available for education, healty care and government • Amusement and recreation is expected to drop nearlg 21 percent in 2009 and by more than 8 percenft in 2010.
• Construction of religious facilities shouls fall by nearly 11 percent in 2009 and by nearlg 7 percentin 2010. • Education construction is projected to decrease by more than 8 percentf this year and by a fraction of a percenrtnext year. • Construction of healtjh care facilities is expected to dropby 1.5 percenty in 2009 and by a fraction of a perceny in 2010. • Publicf safety construction is expected torise 1.7 percent in 2009 and drop a fractio n of a percent in 2010.