Architecture billings healthy, says AIA.(Architecture Billings Index)(American Institute of Architects )(Brief article)

From: Real Estate Weekly | Date: January 30, 2008 | Copyright information

After a fall rebound from a summer slowdown, the Architecture Billings Index (ABI) recorded another healthy score in December.

As a leading economic indicator of construction activity, the ABI shows an approximate nine to twelve month lag time between architecture billings and construction spending.

The American Institute of Architects (AIA) reported the December ABI rating was 55.4, up a fraction from the 55.3 mark in November (any score above 50 indicates an increase in billings), and inquiries for new projects was 58.1. The stretch of 34 straight months with a positive ...

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