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April 26, 2013
The Architecture Billings Index is reflecting a steady upturn in design activity, according to the American Institute of Architects, with a March ABI score of 51.9, down from a mark of 54.9 in February.“Business conditions in the construction industry have generally been improving over the last several months,” said AIA Chief Economist, Kermit Baker, in a release. “But as we have continued to...
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March 22, 2013
The Architecture Billings Index continues to strengthen at a steady pace, posting a February score of 54.9, up slightly from 54.2 in January, according to the American Institute of Architects. The new projects inquiry index was 64.8, the highest it's been since January 2007, according to AIA.The Northeast saw the most growth in February, with a score of 56.7; followed by the Midwest at...
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February 21, 2013
As the prognosis for the design and construction industry continues to improve, the Architecture Billings Index is reflecting its strongest growth since November 2007, according to the American Institute of Architects. The January ABI score was 54.2, up sharply from a mark of 51.2 in December.“We have been pointing in this direction for the last several months, but this is the strongest...
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February 7, 2013
The Dodge Momentum Index rose 2.7 percent in January, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The Momentum Index is a monthly measure of the first report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.The January increase for the Momentum Index marked its...
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January 17, 2013
The American Architectural Manufacturers Association and the Window & Door Manufacturers Association have jointly released the December 2012 update to the 2011/2012 U.S. Industry Statistical Review and Forecast.The organziations report that 2012 saw slow growth in nonresidential construction activity in categories favorable to nonresidential door volumes (hospitality, education,...
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December 21, 2012
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...
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December 10, 2012
All major segments of construction spending increased in October, bringing total spending to a 37-month high at an annualized rate of $872 billion, according to an analysis of new federal data released by the Associated General Contractors of America. Private nonresidential construction edged up 0.3 percent for the month and 11 percent compared with October 2011. Association officials warned...
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November 26, 2012
Billings at architecture firms in October accelerated to their strongest pace since December 2010, according to the most recent Architecture Billings Index. The American Institute of Architects reported the October ABI score was 52.8, up from the mark of 51.6 in September. “With three straight monthly gains – and the past two being quite strong – it’s beginning to look like demand for design...
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October 24, 2012
An improving housing market and record-low interest rates could mean strong gains in home improvement activity through the end of the year and into the first half of 2013, according to the Joint Center for Housing Studies of Harvard University. The seeds for what appears to be a robust remodeling recovery have been planted, with annual homeowner improvement spending expected to reach double-digit...
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October 24, 2012
Billings at architecture firms in September increased at their fastest pace since late 2010, according to the most recent Architecture Billings Index. The American Institute of Architects reported the September ABI score was 51.6, up from the mark of 50.2 in August. “Going back to the third quarter of 2011, the multi-family residential sector has been the best performing segment of the...