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
Vaughan Davies joins Perkins Eastman as Principal
Fri 14 Jul 2017
Sir Terry Farrell has been awarded urban planning’s top honour
Thu 13 Jul 2017
Sunday Times British Homes Awards 2017 shortlist announced
Tue 11 Jul 2017
NLA Chairman appointed as Mayor's Design Advocate
Tue 11 Jul 2017
HASSELL announces new Managing Director and new Board members
Tue 11 Jul 2017
Jason Pearson joins AECOM as Director of Healthcare Architecture, UK & Ireland
Fri 30 Jun 2017
Stantec acquires RNL
Fri 23 Jun 2017
ThirdWay Group launch architectural design arm
Fri 23 Jun 2017