SEARCH IN BRIEF

 
Architecture Billings Index drops after three months of steady improvement

Following three straight months of promising conditions, the AIA have reported the May ABI rating as 45.8 - substantially less than the April’s rating of 48.4. The ABI is a leading economic indicator of construction activity and reflects the approximate nine to twelve month lag time between architectural billings and construction spending. This reported drop reflects a continued decline in the demand for design services, and has caused AIA Chief Economist Kermit baker, PhD, Hon. AIA, to comment: “This dip is somewhat of a surprise since it appeared that conditions were pointing towards a recovery. The overriding issue affecting the entire real estate sector is unusual caution on the part of lending institutions to provide credit for construction projects that apparently would be successful in this economic environment.”

IN BRIEF
Tuesday 29 June 2010
Faculty member Hernan Diaz Alonso announced as the next Director of SCI-Arc
Fri 19 Sep 2014
East County Hall of Justice breaks ground in Dublin
Fri 19 Sep 2014
Mott MacDonald acquires Bentley Holdings
Fri 19 Sep 2014
Shedkm receives planning for Circus Street scheme
Thu 18 Sep 2014
Writers Theatre in Illinois to break ground in October
Thu 18 Sep 2014
WAN Civic Buildings Award winners revealed in Amsterdam
Fri 12 Sep 2014
Chris van Duijn, Ippolito Pestellini Laparelli, Jason Long and Michael Kokora promoted to partner at OMA
Wed 10 Sep 2014
Groundbreaking held for Johnson Fain-designed residential towers in Jakarta
Wed 10 Sep 2014