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
Haworth Tompkins-designed Battersea Arts Centre, London, UK, enters final restoration and redevelopment phase
Thu 30 Oct 2014
UK Architects remain confident on future workloads – RIBA
Thu 30 Oct 2014
Eurasian Prize 2015 now open for entries
Thu 30 Oct 2014
Tall Storeys - Retrospective on Hong Kong Architecture
Wed 29 Oct 2014
Pritzker Architecture Prize welcomes Benedetta Tagliabue to the Jury
Wed 29 Oct 2014
JLL, ISG and John Robertson architects complete London’s 450,000 sq ft Aldwych Quarter Scheme
Wed 29 Oct 2014
Switzerland’s Kulturtankstelle Döttingen dedicates itself to architecture with winter exhibition
Wed 29 Oct 2014
Benoy celebrates opening of Dostyk Plaza shopping centre in Kazakhstan
Tue 28 Oct 2014