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.”

Wednesday 24 March 2010
Lift off for a third runway at London’s Heathrow Airport
Tue 25 Oct 2016
Traffic in Britain’s cities slower than a horse and cart
Mon 17 Oct 2016
London’s global competiveness at stake warns NLA
Thu 13 Oct 2016
New software aids earthquake recovery
Thu 06 Oct 2016
Perkins+Will commits to Fitwel Certification for North American offices
Wed 05 Oct 2016
Benoy Appoints New Directors
Thu 29 Sep 2016
Biomimicry in Architecture 2nd edition
Fri 23 Sep 2016
2016 AIA|LA Presidential Honourees announced by American Institute of Architects Los Angeles Chapter
Mon 19 Sep 2016