NATICK, MA – The architecture and engineering industry did not recover as hoped during the first half of 2010 and the same is expected for the rest of the year.
According to the 2010 Mid-Year Outlook Update for AEC Firms, published by ZweigWhite, the economic stimulus package funds will dry up by the end of 2010 while many project opportunities from the stimulus are no longer available. Also, the housing market will continue to stifle the construction industry, especially due to lack of assistance from the homebuyer tax credit.
Mark Zweig, ZweigWhite's founder and CEO, predicts that health care, higher education, airport and aviation facilities, water/wastewater, ground water, lead paint removal, highway and bridge, rail, and distribution center projects show some potential for improvements. However, discipline-wise architecture, interior design, and landscape architecture will all be hit hardest. Overall, he believes 2010 will continue to be a "flat year" for the industry.