ABI Rises After Two-Month Slump
June 18, 2014
The Architectural Billings Index took a sharp rise in May, breaking out of two straight months in negative territory.
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.
Volatility is the watchword for the design and construction markets, according to AIA Chief Economist Kermit Baker, but he foresees improvement: “Overall, it appears that activity has recovered from the winter slump, and design professions should see more positive than negative numbers in the coming months.”
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.