Industry News




 

03/01/2010

Architecture Billings Index Drops Significantly

 

Beginning its third year of negative conditions, the Architecture Billings Index (ABI), which reflects the approximate 9- to 12-month lag time between architecture billings and construction spending, dropped nearly 3 points in January.

The American Institute of Architects (AIA) reported the January ABI rating was 42.5, down sharply from a revised reading of 45.4 in December. The ABI is a leading economic indicator of construction activity, and this rating indicates a continued decline in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry score was 52.5, down more than 7 points, but still indicating an increase in billings.

“Projects are being delayed or cancelled because lending institutions are placing unusually stringent equity requirements on new developments. This is even happening to financially sound companies with strong credit ratings,” says Kermit Baker, chief economist for AIA. “This serious situation is being compounded by a skittish bond market, decreased tax revenues for publicly financed projects, and declining property values – all which serve as deterrents for construction activity. Until these factors are resolved, the design and construction industry – which accounts for roughly 10 percent of GDP and is facing unemployment figures in excess of 20 percent – will continue to face deteriorating market conditions.”

Additionally, the January ABI showed regional averages for the Midwest to be 48.0; for the Northeast, 45.7; for the South, 41.32; and for the West, 40.5. The January ABI rating for the multi-family residential sector was 50.1; commercial/industrial, 44.9; institutional, 43.1; and mixed-practice, 40.3.

 


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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.

 


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

Replace core drilling with Connectrac In-Carpet and On-Floor Wireways, the proven connectivity solution in open interior spaces of all kinds. These elegant low-profile wireways are great for AV / telecom connectivity wherever it’s needed.

 

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


 
10/20/2014

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

09/30/2014

Incidence of fires and property loss down from 2012

09/29/2014

Academic achievement tied to responsible reporting habits

09/26/2014

Survey shows people more careful, less satisfied in public washrooms.

09/25/2014

A new study shows that switching natural gas for coal will not significantly reduce the amount of CO2 emissions being produced. 

09/24/2014

A new study shows the carbon emission reduction policies individual states have adopted are yielding results.

09/23/2014

A recent survey of industry professionals indicates that investment in energy efficiency projects will increase over the next year.

09/22/2014

Fort Carson in Colorado is well on its way to reaching the goal of net-zero energy by 2020. 

09/19/2014

New regulations from the DOE would improve commercial air conditioner efficiency by as much as 30%. 

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