Riding a stretch of increasing levels of demand for thirteen out of the last fifteen months, the Architecture Billings Index (ABI) dropped in April for the second month this year. [...] (AIA) reported the April ABI score was 48.8, down sharply from a mark of 51.7 in March. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 60.1, up from a reading of 58.2 the previous month. — calculatedriskblog.com
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
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