Construction of healthcare facilities is projected to increase by 4.4 percent in 2013 and 4.8 percent in 2014, according to an American Institute of Architects (AIA)' report. Healthcare is expected to be the strongest institutional sector. Overall expectations for growth in the institutional sector are 1.2 percent in 2013 and 4.7 percent in 2014.
Growing at a faster rate than the overall U.S. economy, the nonresidential construction industry in general is expected to see increases in activity this year. High demand for hotels and retail projects have the commercial sector pacing what projects to be a rise in spending this year for nonresidential construction projects of 5.0 percent – up from a projection of a 4.4 percent increase in the July 2012 forecast, says AIA.
The AIA's semi-annual Consensus Construction Forecast , a survey of the nation’s leading construction forecasters, also projects a 7.2 percent increase of spending in 2014.
Aligning Construction and Facility Activities to Minimize Problems
Cooper University Health Care Breaks Ground on 'Project Imagine'
3 Employees Injured by Patient at Halifax Infirmary's Emergency Department
How Architects Shape the Future of Healthcare Facilities
UNC Health, Duke Health Form Partnership for Stand-alone Children's Hospital