Freedonia Focus Reports

US Collection

Nonresidential

Building Construction:
United States

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February 2014

Industry Overview
Market Size and Trends | Market Segmentation
Nonresidential Building Stock and Floor Space

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Resources

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Industry Structure and Leaders

Industry Composition | Additional Companies Cited

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Industry Forecasts
Market Forecasts | Building Stock and Floor Space Forecasts

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Highlights

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Nonresidential Building Construction: United States

ABOUT THIS REPORT

Scope & Method

This report forecasts US nonresidential building construction expenditures in US dollars
to 2018. Total expenditures are segmented in terms of the following markets:

commercial
office
lodging
education
healthcare
religious
industrial
transportation
other buildings such as warehouses, theaters, and fitness centers.

Construction expenditures encompass new additions and improvements to the existing

stock of nonresidential buildings, but exclude maintenance and repairs.
Nonresidential building stock in real US dollars and nonresidential building floor space
in square feet are also provided to 2018 and segmented by market:

office and commercial

institutional

industrial
transportation and other.

Nonresidential floor space is further segmented by US region as follows:

South
Midwest

West
Northeast.

To illustrate historical trends, total nonresidential building construction expenditures are

provided in an annual series from 2003 to 2013; building stock, floor space, and the
various segments are reported at five-year intervals for 2008 and 2013. Forecasts
emanate from the identification and analysis of pertinent statistical relationships and
other historical trends/events as well as their expected progression/impact over the
forecast period. Changes in quantities between reported years of a given total or
segment are typically provided in terms of five-year compound annual growth rates
(CAGRs). For the sake of brevity, forecasts are generally stated in smoothed CAGRbased descriptions to the forecast year, such as demand is projected to rise 3.2%
annually through 2017. The result of any particular year over that period, however, may
exhibit volatility and depart from a smoothed, long-term trend, as historical data typically
illustrate.

2014 by The Freedonia Group, Inc.

Nonresidential Building Construction: United States

Key macroeconomic indicators are also provided at five-year intervals with CAGRs for
the years corresponding to other reported figures. Other various topics, including
profiles of pertinent leading suppliers, are covered in this report. A full outline of report
items by page is available in the Table of Contents.

Sources
Nonresidential Building Construction: United States represents the synthesis and
analysis of data from various primary, secondary, macroeconomic, and demographic
sources including:

firms participating in the industry, and their suppliers and customers

government/public agencies
national, regional, and international non-governmental organizations
trade associations and their publications
the business and trade press
The Freedonia Group Consensus Forecasts dated December 2013
the findings of other industry studies by The Freedonia Group.

Specific sources and additional resources are listed in the Resources section of this
publication for reference and to facilitate further research.

Industry Codes
The topic of this report is related to the following industry codes:
NAICS/SCIAN 2007
North American Industry Classification System

SIC
Standard Industry Codes

236210
236220

1531
1541

Industrial Building Construction

Commercial and Institutional Building
Construction

1542

Operative Builders
General Contractors Industrial Buildings
and Warehouses
General Contractors Nonresidential
Buildings, Other than Industrial Buildings
and Warehouses

Copyright & Licensing

The full report is protected by copyright laws of the United States of America and international
treaties. The entire contents of the publication are copyrighted by The Freedonia Group, Inc.

2014 by The Freedonia Group, Inc.

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Nonresidential Building Construction: United States

Table of Contents
Section

Page

About This Report .......................................................................................................................................................... i

Highlights .......................................................................................................................................................................1
Industry Overview ..........................................................................................................................................................2
Market Size & Trends ...............................................................................................................................................2
Chart 1 | United States: Nonresidential Building Construction Trends, 2003-2013 .............................................2
Market Segmentation ...............................................................................................................................................3
Chart 2 | United States: Nonresidential Building Construction Expenditures by Market, 2013 ...........................3
Office & Commercial. ..........................................................................................................................................4
Commercial. ..................................................................................................................................................4
Chart 3 | United States: Office & Commercial Construction Expenditures by Market, 2013..........................5
Office. ...........................................................................................................................................................5
Lodging. ........................................................................................................................................................6
Institutional. ........................................................................................................................................................6
Education. .....................................................................................................................................................6
Chart 4 | United States: Institutional Construction Expenditures by Market, 2013 ........................................7
Healthcare.....................................................................................................................................................7
Religious. ......................................................................................................................................................8
Industrial. ............................................................................................................................................................8
Transportation.....................................................................................................................................................9
Other...................................................................................................................................................................9
Nonresidential Building Stock & Floor Space ......................................................................................................... 10
Chart 5 | United States: Nonresidential Building Stock by Market, 2013 .......................................................... 10
Chart 6 | Nonresidential Building Floor Space by Market, 2013........................................................................ 11
Chart 7 | Nonresidential Building Floor Space by Region, 2013 ....................................................................... 11
Industry Forecasts........................................................................................................................................................ 12
Market Environment ............................................................................................................................................... 12
Table 1 | United States: Key Indicators for Nonresidential Building Construction (billion dollars) ..................... 12
Market Forecasts .................................................................................................................................................... 13
Table 2 | United States: Nonresidential Building Construction Expenditures (billion dollars) ............................ 13
Office & Commercial. ........................................................................................................................................ 13
Commercial. ................................................................................................................................................ 14
Office. ......................................................................................................................................................... 14
Lodging. ...................................................................................................................................................... 15
Institutional. ...................................................................................................................................................... 15
Education. ................................................................................................................................................... 15
Healthcare................................................................................................................................................... 15
Religious. .................................................................................................................................................... 16
Industrial. .......................................................................................................................................................... 16
Transportation................................................................................................................................................... 17
Other................................................................................................................................................................. 17
Building Stock & Floor Space Forecasts ................................................................................................................ 18
Table 3 | United States: Nonresidential Building Stock (billion 2009 dollars) .................................................... 18
Table 4 | United States: Nonresidential Building Floor Space (billion square feet) ........................................... 19
Industry Structure & Leaders ....................................................................................................................................... 20
Industry Composition .............................................................................................................................................. 20
Company Profile 1 | Fluor Corporation ............................................................................................................. 21
Company Profile 2 | Kiewit Corporation ............................................................................................................ 22
Company Profile 3 | HOCHTIEF (Turner Construction Company) .................................................................... 23
Additional Companies Cited ................................................................................................................................... 24
Resources .................................................................................................................................................................... 25
To return here, click on any Freedonia logo or the Table of Contents link in report footers.
PDF bookmarks are also available for navigation.

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2014 by The Freedonia Group, Inc.