November ABI reflects 'strongest business conditions since the end of 2007'
Billings at architecture firms across the country continue to increase, with the Architecture Billings Index posting gains for the fourth straight month this fall. The November ABI score was 53.2, up from the mark of 52.8 in October, according to a release from the American Institute of Architects.
“These are the strongest business conditions we have seen since the end of 2007 before the construction market collapse,” said AIA Chief Economist, Kermit Baker, in a release. “The real question now is if the federal budget situation gets cleared up, which will likely lead to the green lighting of numerous projects currently on hold. If we do end up going off the ‘fiscal cliff,’ then we can expect a significant setback for the entire design and construction industry.”