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.

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

 


 
09/17/2014

A new technology developed at Rice University effectively deices glass surfaces while remaining transparent for radio frequency transmission.

09/16/2014

The USGBC and American Chemistry Council have put aside their differences to work together on new improvements to the LEED certification system. 

09/15/2014

Researchers have developed a new process to help cloud computing systems use less energy while continuing to provide high levels of data services.

09/12/2014

Researchers have found the main factors that influence the amount and type of building damage caused by various types of salts. 

09/11/2014

A new study has demonstrated that proactive ergonomic training can decrease worker discomfort and increase productivity. 

09/10/2014

The University of Utah has upgraded its historic Dumke Health Professions Education building to save an impressive 40% on energy costs.

09/09/2014

Hoping to build on LEED's success, PEER evaulates the performance and modernization of electric grids. 

09/08/2014

The USGBC has developed a new tool to help streamline the LEED certification process. 

09/05/2014

Researchers have developed a fluorescent lamp that emits Wi-Fi signals to allow connectivity throughout buildings.

09/04/2014

Tests show effective measures for reducing earthquake damage to computer servers. 

09/03/2014

Health costs drop by half as a result of environmental regulations.

09/02/2014

A new study challenges the idea that sparse workplaces produce happier, more productive employees.

08/29/2014

New tool from FEMA helps facility managers prepare for and mitigate the effects of nonstructural earthquake damage. 

08/28/2014

Is your building's exterior prepared for consistent snowstorms?

08/27/2014

Researchers have developed wearable, customizable technology to handle access control at busy hotels. 

08/26/2014

A new study shows that hotels which are LEED certified bring in more revenue than their non-certified competitors. 

08/25/2014

Policies designed to reduce carbon emissions have the added benefit of increasing air quality, which could pay for the reduction policies themselves. 

08/22/2014

Researchers at Michigan State University have developed a luminescent solar concentrator that is as transparent as glass. 

08/21/2014

The Department of Energy has released two reports which indicate wind turbine installations and efficiency is growing while prices drop. 

08/20/2014

The NHL has partnered with the NRDC to release their first sustainability report. 

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