--- title: Construction Projections Scaled Back - Concord LP | Concord Energy Strategies description: Less activity than expected in nonresidential construction during the first part of 2013 — in particular, institutional projects — has caused the participants in the American Institute of Architects’ semi-annual Consensus Construction Forecast to reduce their projections of construction spending for the rest of the year — although they have raised their projection for next year’s […] image: https://www.concordlp.com/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg --- [Home](https://www.concordlp.com/) [/ News](https://www.concordlp.com/news) / Construction Projections Scaled Back ![](https://www.concordlp.com/hubfs/Blog%20Assets/blog-header-bg.webp) [Construction](https://www.concordlp.com/news/tag/construction) Published: Jul 23, 2013 | Updated: Jul 23, 2013 | 2 min # Construction Projections Scaled Back Posted By [ Concord ](https://www.concordlp.com/news/author/concord) Share Now [![Share on linkedin](https://www.concordlp.com/hubfs/linkedin-icon.svg) ](http://www.linkedin.com/shareArticle?mini=true&url=https://www.concordlp.com/news/construction-projections-scaled-back&utm_medium=social&utm_source=linkedin) [![Share on twitter](https://www.concordlp.com/hubfs/x-icon.svg) ](https://twitter.com/intent/tweet?original_referer={{%20social_link_url%20}}&url={{%20social_link_url%20}}&source=tweetbutton&text={{content.name|striptags}) [![Share on facebook](https://www.concordlp.com/hubfs/facebook-icon.svg) ](http://www.facebook.com/share.php?u=https://www.concordlp.com/news/construction-projections-scaled-back&utm_medium=social&utm_source=facebook) ![link-icon](https://www.concordlp.com/hubfs/link-icon.svg) Less activity than expected in nonresidential construction during the first part of 2013 — in particular, institutional projects — has caused the participants in the American Institute of Architects’ semi-annual Consensus Construction Forecast to reduce their projections of construction spending for the rest of the year — although they have raised their projection for next year’s spending, to an increase of 7.6%. AIA conducts the forecast twice a year with a panel of the country’s leading nonresidential construction forecasters, asking them to project business conditions in the construction industry for the next year to year and a half. “A disappointing recovery of the U.S. economy is limiting need for new nonresidential building activity,” said AIA Chief Economist Kermit Baker. “Optimism for a stronger performance next year is based on the recent increase in domestic energy production, the boost to the general economy from a resurgent housing market, and improving employment figures that should help drive demand in the design and construction sectors.” For more, [visit the following link](http://www.aia.org/press/AIAB099631). ***Whatever the economic climate, incorporating energy-efficient designs in your projects reduces operating costs — and can earn the Section 179D deduction (up to $1.80 per square foot). As the country’s leading specialist in this deduction, Concord has the experience, knowledge and capacity to handle any project, at every step of the way.** ****Contact us at 888-897-5445 or [via the following link](mailto:dennis@concordlp.com), and find out what Concord can do.*** Related Articles ![](https://www.concordlp.com/images/Related%20article%20image.png) Jul 16, 2025 179D Extended! 2017 Projects Now Eligible ## Related **articles** ![](https://www.concordlp.com/hs-fs/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg?width=800&height=500&name=concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg) [Construction](https://www.concordlp.com/news/tag/construction) Aug 01, 2016 ### Construction Spending Declines [Explore resource](https://www.concordlp.com/news/construction-spending-declines) ![](https://www.concordlp.com/hs-fs/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg?width=800&height=500&name=concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg) [AIA](https://www.concordlp.com/news/tag/aia) Jul 26, 2016 ### AIA Sees Steady, but Moderating, Path Ahead for Construction [Explore resource](https://www.concordlp.com/news/aia-sees-steady-moderating-path-ahead-construction) ![](https://www.concordlp.com/hs-fs/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-34-37-2736-AM-Mar-19-2024-11-48-56-2853-AM-Mar-19-2024-12-35-30-6865-PM.jpg?width=800&height=500&name=concord-default-featured-image-Mar-19-2024-10-34-37-2736-AM-Mar-19-2024-11-48-56-2853-AM-Mar-19-2024-12-35-30-6865-PM.jpg) [Construction](https://www.concordlp.com/news/tag/construction) Jul 08, 2016 ### Construction Employment Hits Doldrums Early [Explore resource](https://www.concordlp.com/news/construction-employment-hits-doldrums-early) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Concord", "url" : "https://www.concordlp.com/news/author/concord" }, "dateModified" : "2024-03-19T12:33:12.806Z", "datePublished" : "2013-07-23T04:00:00.000Z", "headline" : "Construction Projections Scaled Back - Concord LP | Concord Energy Strategies", "image" : [ "https://www.concordlp.com/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg" ], "mainEntityOfPage" : { "@id" : "https://www.concordlp.com/news/construction-projections-scaled-back", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.concordlp.com/hubfs/concord-logo.svg" } } } ```