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... the ABI is a pretty good leading indicator of non-residential construction levels a year or so down the track. It’s often not a bad indicator of broader economic conditions either. For example, the index’s low of late 2008 came a little before U.S. stocks’ post-crisis nadir in March 2009. It’s been on a general uptrend ever since. As have stocks. There’s a crumb of good news, here, then, because the ABI has now been rising for four straight months. — blogs.wsj.com
The WSJ's "The Source" discusses how the Architecture Billing Index can be used as a fairly accurate economic indicator, comparable to the oft-used Baltic Dry Index. View full entry
Orhan noted that in the language of "architectural poetics, the living room bathes you in a beautiful California light, washes your soul and takes your thoughts into the Pacific Ocean through the large window which sets the elevation on that side. Outside is wide and open, nurturing the peaceful inner space, this is something only great architecture can bless you with and masterfully achieved as in Schindler made experience."
Orhan Ayyüce, reported on his visit to Schindler's 1926 Lovell Beach House which the MAK Center and its brilliant curatorial team were able to gain access to as a 2011 fund raising event. Orhan noted that in the language of "architectural poetics, the living room bathes you in... View full entry
Following the first positive score in four months, the Architecture Billings Index (ABI) reversed direction again in September. 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 September ABI score was 46.9, following a score of 51.4 in August. — aia.org
This score reflects a sharp decrease in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 54.3, down from a reading of 56.9 the previous month. View full entry
On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August. 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 51.4, following a very weak score of 45.1 in July. — aia.org
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 56.9, up sharply from a reading of 53.7 the previous month. View full entry
Following a drop of almost a full point in June, the Architecture Billings Index (ABI) fell again by more than a point in July. 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 July ABI score was 45.1 – the steepest decline in billings since February 2010 – after a reading of 46.3 the previous month. — aia.org
The American Institute of Architects (AIA) reported the March ABI score was 50.5, a negligible decrease from a reading of 50.6 the previous month. This score reflects a modest increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 58.7, up significantly from a mark of 56.4 in February. — AIA
AIA Chief Economist, Kermit Baker, said that architecture firms are in a place when demand isn't falling back into negative territory but also not seeing the same growth that was seen in late 2010. "The catalyst for a more robust recovery is likely financing, with stronger growth occurring only... View full entry
