Best year in nonresidential construction since 2000.(American Institute of Architects report)(Brief article)

From: Stone World | Date: March 1, 2006 | Copyright information

The American Institute of Architects (AIA) reported that billings at U.S. architecture firms were positive every month in 2005 for the first time since 2000, pointing towards 2006 being the best year for nonresidential construction in six years. With construction accounting for 9% of GDP, increased nonresidential activity will ease the effects of a projected slowdown in the residential market, according to the report. The Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, had a rating of 50.4 in December 2005 (any score above ...

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