Activity across the construction sectors continues to vary greatly. Manufacturing construction is expected to see the highest increase this year, at roughly 14%, with institutional construction up more than 10%. On the lower end, commercial construction is expected to show no change both this year and next.

“The disparity in sector performance highlights the uneven economic conditions and ongoing market uncertainties,” noted AIA Chief Economist Kermit Baker in a press release. “Despite the challenges, specific sectors like manufacturing construction are showing strong ongoing activity from the surge in projects that started during the pandemic, while most institutional sectors are seeing reasonably healthy gains, fueled by the education market.”