AIA Chief Economist Kermit Baker breaks down the industry's burgeoning renovation revolution
Archinect
OCTOBER 26, 2022
Kermit Baker, the AIA’s chief economist, says that the last time the market for design services was so heavily weighted toward renovations was likely during the Great Depression. That share has been increasing steadily since 2017, when it was 44.4%, up to 52% this year. being resiliency projects.
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