Industry News




10/26/2009

Architecture Billings Index Shows Minimal Improvement

 
As the nonresidential construction industry continues to struggle, the Architecture Billings Index (ABI), which reflects the approximate 9 to 12 month lag time between architecture billings and construction spending, showed a nominal improvement last month. The American Institute of Architects (AIA) reported the September ABI rating was 43.1, up slightly from 41.7 in August. This score, which is a leading economic indicator of construction activity, indicates a decline in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry score was 59.1, its highest level since September 2007.

“The fact that inquires for new project are so high is an encouraging sign that we may be seeing new construction activity entering the design phase,” says AIA Chief Economist Kermit Baker. “But that optimism has to be tempered by the fact that the marketplace is so competitive that firms are broadening their search for new projects, thereby inflating the number of inquiries that they are reporting. However, some larger stimulus-funded building activity should be coming online over the next several months, partially offsetting the steep decline in private commercial construction.”

Other September highlights include a regional ABI of 47.2 for the Northeast, 43.0 for the Midwest, 42.7 for the South, and 36.0 for the West. Multifamily residential had a September ABI of 45.1; institutional, 43.9; commercial/industrial, 39.0; and mixed-practice, 36.3.
 


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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.

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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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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. 

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.
CLICK HERE to find out how.


 
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