ABI Returns to Pre-Recession Level
August 20, 2014
Architectural spending has reached its highest level since 2007, according to the July Architectural Billings Index.
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.
“The key to a more widespread boost in design activity continues to be the institutional sector which is starting to exhibit signs of life after languishing for the better part of the last five-plus years,” said AIA Chief Economist Kermit Baker.
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