Nonresidential Construction Spending to Face Prolonged Weakness Through 2027
January 20, 2026
Panelists in The American Institute of Architects’ latest Consensus Construction Forecast expect a modest 1.0 percent increase in overall building spending for 2026, rising to just 2.2 percent in 2027. While the overall outlook is flat, performance varies significantly by category. Spending on commercial facilities is expected to rise by 3.0 percent this year, followed by a 3.5 percent increase in 2027, according to the Consensus Construction Forecast.
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December 2025 NEMA Electroindustry Business Confidence Index
January 8, 2026
The Current Conditions component rose to 72.2 in December, up from 58.3 in November. Respondents indicated that 44 percent experienced “better” conditions, none reported “worse,” and 56 percent saw conditions remain unchanged. Comments from panelists were positive, highlighting strong bookings and ongoing business momentum.
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