Status and Forecast

Staff | September 28, 2010

Commercial Construction Spending

Spending is 17 percent higher than a year ago and is expected to be 14 percent higher for the full year. A 6-percent rise is projected for 2008. Multi-retail buildings is the strongest sector, followed by warehouses and stand-alone stores. The small auto and food markets are declining slightly. The value of retail starts is up 20 percent for the year through May, but they are beginning to slow as major retailers scale back expansion plans in response to sluggish profits.