After seeing minimal activity in the first quarter of 2015, the construction market has picked up its performance and experienced significant action to date. The greatest amount of activity was seen in the building of commercial properties, especially offices and hotels.
The American Institute of Architects’ (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, projects that spending will increase nearly nine percent in 2015 while next year’s projection is expected to reach approximately eight percent.
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For more information on construction law or how it may pertain to your individual circumstances, contact Michael Siri.