College Planning & Management Releases 2017 Construction Brief
The brief provides an overview of the education construction market
College Planning & Management has released its “2017 College Facilities & Construction Brief,” indicating that more than half of the school districts and colleges that responded to the survey will start construction projects in 2017, mostly comprised of major renovations or modernizations.
The projections are based on data that expects enrollment into colleges to increase by 13% between 2013 and 2024. Education construction increased by 6.5% in 2016 to $88.9 billion, the most since 2009 and the biggest year-over-year gain since 2008.
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