The American Institute of Architects (AIA) reported the Architectural Billings Index (ABI) for March was 51.9, which is up from 50.3 in February. ABI reflects consecutive months of increasing demand for design activity at architecture firms; the approximate nine-to 12-month lead time between architecture billings and construction spending.
The American Institute of Architects (AIA) announced the results of its semi-annual “Consensus Construction Forecast,” which found non-residential construction spending will continue to increase more than eight percent this year with an additional 6.7 percent gain in 2017.
The American Institute of Architecture (AIA) reported its Architecture Billings Index (ABI) November score was 49.3—a slight decline from 53.1 the previous month. ABI is an economic indicator of construction activity reflecting the approximate nine to 12-month lead time between architecture billings and construction spending.