Content related to ‘AIA’
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AIA reported the August ABI score was 51.4, following a very weak score of 45.1 in July. This score reflects an increase in demand for design services.
The new projects inquiry index was 53.7, a considerable slowdown from a reading of 58.1 in June.
According to the latest AIA semi-annual Consensus Construction Forecast, nonresidential construction spending is expected to decline for the remainder of 2011; modest growth is projected for 2012.
The AIA will establish a new survey that will begin to identify and analyze stalled projects from around the country that could be moved forward on almost any front but for the lack of financing.
Inquiries for new projects drop to slowest pace of growth since February 2010.
Institutional memory is an essential component in sustainable system management.
The March ABI score was 50.5, a negligible decrease from a reading of 50.6 the previous month. This score reflects a modest increase in demand for design services. The new projects inquiry index was 58.7, up significantly from a mark of 56.4 in February.
On the heels of its highest mark since 2007, the Architecture Billings Index (ABI) jumped more than two points in December.
Following the first positive reading since January 2008, the ABI dropped nearly two points in October. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12 month lag time between architecture billings and construction spending.