Washington, D.C. – April 24, 2013 More Positive Momentum for Architecture Billings
Final ABI for 2012 Caps Strongest Year Since 2007
Architecture Billings Index Inches Back into Positive Territory
Washington, D.C. – September 19, 2012 – On the heels of a nearly three-point increase, the Architecture Billings Index (ABI) climbed into positive terrain for the first time in five months. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the August ABI score was 50.2, up from the mark of 48.7 in July. This score reflects an increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 57.2, up from mark of 56.3 the previous month.
Architecture Billings Index Downturn Moderates as Negative Conditions Continue
Housing, commercial building construction starts may improve in 2012