Industry News




11/20/2009

Architecture Billings Index Shows Most Positive Signs in Over a Year

 

Amidst a continued high level of inquiries for possible new projects, the Architecture Billings Index (ABI) has reached its highest mark since August 2008, just before the serious credit problems emerged in our economy. The ABI, which reflects the 9- to 12-month lag time between architecture billings and construction spending, is one of the leading economic indicators of construction activity.

The American Institute of Architects (AIA) reported that the October ABI rating was 46.1, up sharply from 43.1 in September, but still indicating a decline in demand for design services (any rating above 50 indicates an increase in billings). However, the new projects inquiry score was 58.5, a small decline from 59.1 in September.

“This news could prove to be an early signal towards a recovery for the design and construction industry,” says Kermit Baker, chief economist for AIA. “On the other hand, because we continue to get reports of architecture firms struggling in a competitive marketplace with a continued decline in commercial property values, it is far too early to think we’re out of the woods.”

The regional ABI average for the South was 46.1; for the Northeast, 44.3; for the Midwest, 43.0; and for the West, 42.8. The institutional sector reached a rating of 48.7, while the multifamily residential sector had a rating of 45.4. The commercial/industrial sector scored 41.7, and mixed-practice reached 39.1.

 


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.


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.


 
comments powered by Disqus
09/01/2015

Guidelines to improve safety of waterways.

08/31/2015

Occupant improvements help recruit new talent.

08/28/2015

Temperatures reach highest point since 1880.

08/27/2015

Large improvements drive water conservation on West Coast.

08/26/2015

Data breaches becoming more common.

08/25/2015

Research shows link between extreme weather events and long power disruptions.

08/24/2015

Specifications to improve wall resiliency.

08/21/2015

New resource can help FMs create scope of custodial work.

08/20/2015

Rule created to stem Legionnaires’ disease outbreak.

08/19/2015

Portable devices encourage sedentary workers to exercise while seated.

08/18/2015

PACE program to drive building improvements.

08/17/2015

Survey shows management systems can streamline work order process.

08/14/2015

Tool will help schools improve air quality.

08/13/2015

Proposed ASHRAE rule to improve communication about energy consumption, forecasts.

08/12/2015

Installations rise as electricity costs drop to an all-time low.

08/11/2015

Linear, low-bay/high-bay LEDs spotlighted as best choices for commercial retrofits.

08/10/2015

Wind, solar set for big increases.

08/07/2015

New requirement will cut food waste.

08/06/2015

ICC, ASHRAE will streamline compliance path for IgCC and Standard 189.1.

08/05/2015

Benefits inspire positive health changes for workers.

Page 1 of 56
FirstPrevious[1]2345678910NextLast

Sponsored Links