The AIA Consensus Construction Forecast predicts that spending for nonresidential and commercial construction will continue to decline before a modest recovery in 2012. The reason for the continued decline, of course, is due to the overall uneven economic recovery. The hesistency on the part of lenders to finance construction projects, the weak financial position of governments at all levels, and rising costs of key building material commodities all restrain the nonresidential and commercial construction sectors.
