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

 
01/23/2015

Data shows earth's surface temperature increase to a new high

01/22/2015

New reports show ownership could have fast benefits.

01/21/2015

New formula kills germs, prevents them from reappearing.

01/20/2015

 Study shows properly maintained roofing can last as long as buildings.

01/19/2015

Increases projected at nearly 10% per year.

01/16/2015

Pollution, health improvements more powerful motivators than cost savings.

01/15/2015

Administration looks to cut GHGs from oil, natural gas production.

01/14/2015

Vegetation effective at dampening noise.

01/13/2015

Database will aid in making green purchasing decisions. 

01/12/2015

Includes best practices for energy monitoring and reduction.

01/09/2015

Study shows majority of reserves must be left alone to mitigate climate change.

01/08/2015

Energy department looks to standardize definition.

01/07/2015

Plus 12 best practices to reduce operating costs. 

01/06/2015

Improvements extend beyond energy efficiency to carbon emissions.

01/05/2015

Rule expected to cut carbon emissions, electricity use in lighting.

01/02/2015

Data storage pattern for media improves light absorption. 

12/31/2014

Partnerships will help communities prepare for electrical disruptions.

12/30/2014

Scientists find chemical attractants that trap the insects.

12/29/2014

Older buildings will improve resiliency to earthquakes.

12/24/2014

New DD Green program looks to improve restaurant sustainability.

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