ABI Hits Highest Score in a Year
June 22, 2016
In May the Architectural Billings Index hit 53.1, a considerable rise from April’s score of 50.6 — its highest level in the past 12 months.
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. (Any score above 50 indicates an increase in billings.)
“Demand levels are solid across the board for all project types at the moment,” said AIA Chief Economist Kermit Baker. “Of particular note, the recent surge in design activity for institutional projects could be a harbinger of a new round of growth in the broader construction industry in the months ahead.”
For more, visit the following link.
As construction spending grows, so do opportunities to incorporate energy-efficient designs in your projects — and to earn the Section 179D deduction (up to $1.80 per square foot). As the country’s leading specialist in this deduction, Concord has the experience, knowledge and capacity to handle any project, at every step of the way. Contact us at 888-897-5445 or via the following link, and find out what Concord can do.