Architecture Billings Index Continues to Improve

With increasing demand for design services, the Architecture Billings Index (ABI) is continuing to strengthen. The ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending.  The American Institute of Architects (AIA) reported the February ABI score was 54.9, up slightly from a mark of 54.2 in January. This score reflects a strong increase in demand for design services (any score above 50 indicates an increase in billings), which in turn is a sign of growth for the construction industry.  Click here to continue reading.