SEARCH IN BRIEF

 
US Architectural Billings Post Modest Gain

Following a drop of nearly three points in January, the Architecture Billings Index (ABI) moved up almost two points in February.

As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12-month lag time between architecture billings and construction spending.

The American Institute of Architects (AIA) reported the February ABI rating was 44.8, up from a reading of 42.5 in January. This score indicates a continued decline in demand for design services − any score above 50 indicates an increase in billings. The new projects inquiry score was 52.0.

“We continue to hear that funding dedicated for construction projects in the stimulus package has not yet been awarded, resulting in a bottleneck of potential projects that could help jumpstart the economy,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “That, coupled with a persistently rigid credit market for private sector projects, is a key reason why the design and construction industry continue to suffer at near historic levels in terms of job losses.”

IN BRIEF
Wednesday 24 March 2010
The American Institute of Architects – Long Beach / South Bay Chapter announces 2017's Board of Directors
Mon 23 Jan 2017
Robert Adam named 15th Richard H. Driehaus Prize Laureate
Thu 19 Jan 2017
HOK Strengthens London Office with three key additions
Mon 16 Jan 2017
Perkins+Will welcomes Martin Leitner as new leader of cities and sites practice
Tue 10 Jan 2017
New Year sees management changes at Stride Treglown
Fri 06 Jan 2017
Planning Strategist Chuck Siconolfi joins Perkins+Will
Fri 16 Dec 2016
PERKINS+WILL TAPS DAVID OH TO LEAD SCIENCE AND TECHNOLOGY PRACTICE AREA
Wed 14 Dec 2016
Britain's oldest manufacturing company to close
Wed 07 Dec 2016