Billings Index Sees Record Drop in March
Source: American Institute of Architects Reflecting the deteriorating conditions in the overall economy, demand for design services from architecture firms recorded a record fall, according to a new report from The American Institute of Architects. AIA’s Architecture Billings Index score of 33.3 for March reflects a decrease in design services provided by U.S. architecture firms (any score below 50 […]
Architecture Billings Index Shows Increase
Source: American Institute of Architects After beginning the year with a marginal decline, the Architecture Billings Index has posted three consecutive months of growth in design revenue at architecture firms. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve-month lead time between architecture billings and construction spending. The […]