SEARCH IN BRIEF

 
Architecture Billings Index posts new gains

On the heels of a more than two point gain in February, the Architecture Billings Index (ABI) was up again in March.

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 March ABI rating was 46.1, up from a reading of 44.8 the previous month. Though this score reflects a continued decline in demand for design services (any score above 50 indicates an increase in billings), it is the highest score since August 2008. The new projects inquiry index was 58.5.

“This is certainly an encouraging sign that we could be moving closer to a recovery phase, even though we continue to hear about mixed conditions across the country,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Firms are still reporting an unusual amount of variation in the level of demand for design services, from improving to poor to virtually non-existent. This increasing volatility is often a sign that overall business conditions may begin to change in the coming months.”

IN BRIEF
Thursday 22 April 2010
RIBA to open Chapter in India next year
Thu 18 Dec 2014
Download your copy of the Architects and the Media Report
Thu 18 Dec 2014
Kingspan Insulated Panels announces ZerO Energy Lighting Solution and associated report
Wed 17 Dec 2014
ARCKIT picks up multiple accolades at London Design Awards 2014
Tue 16 Dec 2014
Shortlist announced for 'Olympicopolis' in London
Tue 16 Dec 2014
Moshe Safdie to receive 2015 AIA Gold Medal
Thu 11 Dec 2014
Mayor of London approves Wood Wharf
Thu 11 Dec 2014
LAFD called to massive fire at Geoffrey Palmer's Da Vinci complex in Downtown LA
Wed 10 Dec 2014