For three straight months now, the Architecture Billings Index — a measure from the American Institute of Architects — has shown slight increases in work levels at architectural firms, with the latest figures showing a score in January of 50.9, compared with 51.0 in December.
... the index tends to provide a decent lens into the mood of the real estate world, and an increase may lay the groundwork for new construction projects months down the road. — blogs.wsj.com
Private nonresidential construction may pick up this year, as demand grows for new U.S. projects.
The Architecture Billings Index held at 52 last month, a sign of expansion, according to the American Institute of Architects. The commercial and industrial component -- a proxy for private building activity -- climbed to 54.1 in December, the highest in 10 months, the Washington-based association said Jan. 18. — bloomberg.com
SUBMIT NEWS: submit in 60 seconds!