ABI Continues to Show Healthy Improvement

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Industry News

04/01/2013

ABI Continues to Show Healthy Improvement

 
The ABI is showing one of the best improvements since January of 2007.

With increasing demand for design services, the Architecture Billings Index (ABI) is continuing to strengthen. 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 February ABI score was 54.9, up slightly from a mark of 54.2 in January. This score reflects a strong increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 64.8, higher than the reading of 63.2 the previous month – and its highest mark since January 2007.

“Conditions have been strengthening in all regions and construction sectors for the last several months,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA.  “Still, we also continue to hear a mix of business conditions in the marketplace as this hesitant recovery continues to unfold.”

Key February ABI highlights:

• Regional averages: Northeast (56.7), Midwest (54.7), West (54.7), South (52.7),

• Sector index breakdown: multi-family residential (60.9), mixed practice (56.9), commercial / industrial (53.3), institutional (50.7)

• Project inquiries index: 64.8

The regional and sector categories are calculated as a 3-month moving average, whereas the index and inquiries are monthly numbers.

 


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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. 

Search our Trade Pro Directory to find professionals that can help identify energy-efficient natural gas options that save energy and qualify for rebates to save you money.


 
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