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Lighting Controls Association

The Lighting Controls Authority

2021 Nonresidential Construction Forecast: Decline but Rebound Next Year

01/26/2021 by Craig DiLouie Leave a Comment

In January 2021, the American Institute of Architects’ (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, projected a 5.7% decline in nonresidential construction spending in 2021. Construction spending is then projected to grow 3.1% in 2022 as the renewal of economic activity unleashes pent-up demand for nonresidential space.

Filed Under: Articles, Construction and Economy

2020 Nonresidential Construction Forecast: Slowdown But No Downturn

02/18/2020 by Craig DiLouie Leave a Comment

The U.S. economy grew by 2.2% in 2019 and is expected to slow to 2% in 2020, according to the most recent forecast released by the Federal Open Market Committee Meeting on December 11, 2019. The slowdown in 2019-20 is considered a byproduct of the trade war. A major contributor to the economy is construction, and the outlook for construction spending in 2020-21 is positive but lower than 2019. The AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting 1.5% growth in nonresidential construction spending in 2020 and 1% in 2021.

Filed Under: Articles, Construction and Economy

2019 Nonresidential Construction Forecast: Cautious Positivity

02/13/2019 by Craig DiLouie Leave a Comment

The AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting 4.4% growth in nonresidential construction spending in 2019 and 2.4% in 2020. This article by Craig DiLouie, LC, CLCP reviews the forecast and leading construction industry economic indicators.

Filed Under: Articles, Construction and Economy

2018 Nonresidential Construction Forecast: Positive Growth

02/23/2018 by Lighting Controls Association Leave a Comment

The U.S economy grew by 2.5% in 2017, outpacing 2016, and is expected to produce similar growth in 2018. A major contributor to the economy is construction, and the outlook for construction spending in 2018 overall is positive, particularly nonresidential. The AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting 4% growth in nonresidential construction spending in 2018 and 3.9% in 2019.

Filed Under: Articles, Construction and Economy

2017 Nonresidential Construction Forecast: Continuing Solid Growth

02/13/2017 by Craig DiLouie Leave a Comment

U.S. real GDP slowed to 1.6% in 2016, the lowest growth rate since 2011. However, the outlook for construction spending in 2017 continues to be positive for all market sectors. The AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting nearly 6% growth in nonresidential construction spending in 2017, […]

Filed Under: Articles, Construction and Economy, General

Electroindustry Business Confidence Gains in December

01/03/2017 by Lighting Controls Association Leave a Comment

Although some respondents noted weakness in their markets, the National Electrical Manufacturers Association (NEMA) Electroindustry Business Confidence Index (EBCI) indicates a decidedly positive shift overall as the current conditions index moved from 57.9 in November to 66.7 in December.

Filed Under: Construction and Economy, General, LCA News

Current and Future Electroindustry Business Indexes Ease Back but Continue to Suggest Conditions Conducive to Expansion

08/16/2016 by Lighting Controls Association Leave a Comment

NEMA’s Electroindustry Business Conditions Index (EBCI) remained above 50 again in July, signaling that conditions continue to be conducive for expansion in this sector. However, the current conditions index retreated back toward the threshold point from 59.4 in June to 53.6 this month. A majority of July’s respondents, 64 percent, reported conditions unchanged from a […]

Filed Under: Articles, Construction and Economy

NEMA’s Business Conditions Indexes Continue Upward Trend in June

06/30/2016 by Lighting Controls Association Leave a Comment

June marks the third consecutive month in which NEMA’s Electroindustry Business Conditions Index (EBCI) improved. The current conditions index increased from May’s reading of 53.3 to reach 59.4 in June. More respondents saw change in business conditions, for better or worse, than did so in May. Thirty-eight percent of respondents reported better conditions in June, […]

Filed Under: Construction and Economy, Content, LCA News

2016 Nonresidential Construction Forecast: Continuing but More Moderate Growth

02/23/2016 by Craig DiLouie Leave a Comment

GDP ended 2015 strongly with an annual estimated growth rate of 2.4%. The overall U.S. economy continues to improve. Positive economic conditions continue to support growth in demand for nonresidential construction. The nonresidential construction sector enjoyed double-digit growth in 2015, and strong momentum is expected to continue in 2016. The AIA’s semi-annual Consensus Construction Forecast, […]

Filed Under: Articles, Construction and Economy

Current Business Conditions Index Slips Again in June, While Future Conditions Index Gains Ground

07/13/2015 by Lighting Controls Association Leave a Comment

NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America declined for a third straight month in June. The index fell to 47.2 from 50 a month ago and from 54.8 in April as a higher proportion of panelists reported business conditions deteriorated in June than reported they improved. In contrast, the EBCI […]

Filed Under: Construction and Economy, LCA News

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