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.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 
10/31/2014

Report shows energy modeling as key to improving building performance

10/30/2014

Report shows healthy features and practices yield results.

10/29/2014

USGBC announces two more years to prepare for LEED v4.

10/28/2014

Current projects could replace up to 8% of the Army’s energy use.

10/27/2014

Report shows increased occupant engagement in offices with green features.

10/23/2014

Study shows seven key areas to increase worker engagement. 

10/22/2014

New rule aims to eliminate the production of HCFC refrigerants. 

10/21/2014

U.S. photovoltaic costs continue to decline.

10/20/2014

The EPA looks to help improve energy and air quality during educational facility renovations. 

10/17/2014

Agency says current regulations "don't protect worker health".

10/16/2014

Scientists have developed LED bulbs free of rare earth metals.

10/15/2014

Survey shows a decrease in employees coming to work sick.

10/14/2014

New efficiency ratings available for apartment units

10/10/2014

New code to increase commercial building efficiency.

10/09/2014

Take charge of your electricity bill with these quick tips.

10/08/2014

Illumination improvements take the top award for physics

10/07/2014

Study shows equipment improvements could boost efficiency. 

10/06/2014

New device integrates batteries into solar cell design.

10/03/2014

The switch to green products comes to healthcare facilities.

10/01/2014

Photovoltaic installations serve nearly 2.7 million students

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