Industry News




 

01/25/2010

Architecture Billings Index Remains in Negative Territory

 
Architecture Billings Index Remains in Negative Territory
After a drop of more than 3 points in November, the Architecture Billings Index (ABI), which reflects the approximate 9 to 12 month lag time between architecture billings and construction spending, had a negligible increase of less than 1 point in December.

The American Institute of Architects (AIA) reported the December ABI rating was 43.4, a slight increase from 42.8 in November. The score indicates a continued decline in demand for design services (any score below 50 indicates a decrease in billings).

“The main impediment to an economic turnaround for the design and construction industry remains frozen credit markets,” says Kermit Baker, chief economist for AIA. “We continue to hear that there are numerous viable projects out there awaiting financing. And the longer this situation persists, the more dire the news for the architecture profession, which is struggling at unprecedented proportions.”

The December ABI rating for new project inquiries was 55.3, a decrease of more than 3 points from the previous month. Additionally, the average regional ratings for the Northeast was at 48.6; for the Midwest, 46.6; for the South, 43.2; and for the West, 40.0. The multi=family residential sector had an ABI rating of 51.0, while the institutional sector was rated at 44.2; commercial/industrial at 42.7; and mixed-practice at 38.1.
 

 


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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.


 
04/24/2015

New technology could reduce risk of hospital-acquired infections.

04/23/2015

Seismic activity shown to affect nearly half of Americans.

04/22/2015

New technologies will cut use of climate-damaging refrigerants.

04/21/2015

Guidelines will ensure reliability of solar investments.

04/20/2015

Cloud-based application measures the effect of climate change on facilities.

04/17/2015

Rule will improve energy efficiency for wide range of pump types.

04/16/2015

Emissions rise marginally in 2013.

04/15/2015

Protocol will speed introduction of new roof products. 

04/14/2015

Better food choices, exercise options at work shown to reduce obesity.

04/13/2015

New design responds autonomously to changes in thermal energy.

04/10/2015

Guidelines include short-term, long-term energy efficiency goals.

04/09/2015

1.5 MW milestone reached.

04/08/2015

Plant molecule to improve roofing sustainability.

04/07/2015

ASHRAE revision will incorporate new developments, strategies to improve air quality.

04/06/2015

Green programs combine to improve building sustainability.

04/02/2015

New guides will drive down startup costs.

04/01/2015

Green features expected in hospitality facilities.

03/31/2015

U.S. photovoltaic capacity reaches new record for photovoltaic installations.

03/30/2015

New technology driving increased demand on healthcare systems.

03/27/2015

Capital ranks #1 in certified buildings.

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