AIA index points to major downturn in commercial construction
from Construction Dive
Demand for design services from architecture firms recorded its largest-ever monthly decrease recently, according to The American Institute of Architects (AIA). Billings at architecture firms plummeted as the Architecture Billings Index fell by 20.1 points to a score of 33.3, the largest single-month decline in the index's nearly 25-year history, far surpassing the declines of 9.4 points seen at the start of the 2001 recession and 8.3 points seen at the start of the Great Recession.
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