Architect association forecasts 5.4% increase in 2022 construction spending

Institutional construction spending in the U.S. is projected to rebound by 4.4 percent in 2022 and 6 percent in 2023, according to a new report by the American Institute of Architects (AIA). With a 5 percent decline in construction spending on buildings last year, only retail and other commercial, industrial, and health-care facilities managed spending […]