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Architecture billings index sending most positive signals in over a year

from Building Design & Construction

Amidst a continued high level of inquiries for possible new projects, the Architecture Billings Index (ABI) reached its highest mark since August 2008, just before the serious credit problems emerged in our economy. As an economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. "This news could prove to be an early signal towards a recovery for the design and construction industry," said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. more


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