{"id":17693,"date":"2016-07-29T07:46:20","date_gmt":"2016-07-29T11:46:20","guid":{"rendered":"http:\/\/www.constructionspecifier.com\/?p=17693"},"modified":"2016-08-26T09:49:17","modified_gmt":"2016-08-26T13:49:17","slug":"fifth-consecutive-month-of-gains-in-architecture-billings-index","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/fifth-consecutive-month-of-gains-in-architecture-billings-index\/","title":{"rendered":"Five consecutive months of gains in Architecture Billings Index"},"content":{"rendered":"
\"The
The American Institute of Architecture\u2019s (AIA\u2019s) Architecture Billings Index (ABI) for the month of June fell slightly, but it was still an increase overall.<\/span>
Photo \u00a9 Bigstock.com\/sursaki<\/em><\/figcaption><\/figure>\n

June marked the fifth time this year Architecture Billings Index<\/a> (ABI) had increases with a score of 52 percent\u2014down a point from May\u2019s score of 53.<\/p>\n

Any score above 50 signifies increase in billings, while anything below indicates a decline, according to the American Institute of Architects (AIA). Its ABI provides an approximate nine to 12-month glimpse into the future of nonresidential-construction spending activities.<\/p>\n

\u201cDemand for residential projects has surged this year, greatly exceeding the pace set in 2015,\u201d said Kermit Baker, AIA chief economist. \u201cThis suggests strong future growth for housing in the coming year. While we expect to see momentum continue for the overall design and construction industry in the months ahead, the fact that the value of design contracts dipped into negative territory in June for the first time in more than two years is something of a concern.\u201d<\/p>\n

The regional and sector categories are calculated as a three-month moving average, whereas the national index, design contracts, and inquiries are monthly numbers. The South had the highest score of 55 percent, with the West right behind at 54. The Northeast had a count of 52 and the lowest was the Midwest, it was below 50.<\/p>\n","protected":false},"excerpt":{"rendered":"

June marked the fifth time this year Architecture Billings Index (ABI) had increases with a score of 52 percent\u2014down a point from May\u2019s score of 53.<\/p>\n","protected":false},"author":13,"featured_media":17695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,1029],"tags":[1032,2423,1863],"class_list":["post-17693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-news","tag-aia","tag-architecture-billings-index","tag-kermit-baker","entry"],"acf":[],"yoast_head":"\nFive consecutive months of gains in Architecture Billings Index - The Construction Specifier<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.constructionspecifier.com\/fifth-consecutive-month-of-gains-in-architecture-billings-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five consecutive months of gains in Architecture Billings Index - 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