ABI Continues Positive Trend
August 19, 2015
The Architectural Billings Index showed another positive month in July, and also showed stronger growth in the long-struggling Northeast region.
Compiled by the American Institute of Architects, the ABI is a leading economic indicator for construction: It takes approximately nine months to a year between architecture billings and construction spending.
“On top of what has been a flurry of design activity in recent months, some architects are reporting a break in the logjam created by clients placing projects on hold for indefinite periods, which bodes well for business conditions in the months ahead,” said AIA Chief Economist Kermit Baker.
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