Originally published in Interiors & Sources

11/22/2010

Architecture Billings Index Falls

 
Architecture Billings Index Falls

The Architecture Billings Index (ABI) dropped two points in October, after showing the first positive reading since January 2008.  However, demand for new projects remains high.

The leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The October ABI score was 48.7; down from 50.4 (any score above 50 indicates an increase in billings).

“This is disappointing news, but not altogether that surprising,” says AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “We were anticipating a slow recovery period and it is likely that there will be some fits and starts before conditions show consistent improvement. Right now, reluctance from lending institutions to provide credit for construction projects and a sluggish economy are the main impediments to a revival of the design and construction industry.”

The ABI will continue to be monitored closely for developments.

Construction Projects Decline by 20%


Architecture Billings Index Indicates Slow Recovery for Construction Industry
 

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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

Yaskawa drives offer quality performance for air handlers and cooling towers on the roof to secondary chilled water pumps in the basement

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
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