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AIA: "Architecture Billings Index slows but remains strong" in May
4 days ago - By Calculated Risk
Note: This index is a leading indicator primarily for new Commercial Real Estate investment.
From the AIA: Architecture Billings Index slows but remains strong
Architecture firms reported increasing demand for design services in May, according to a new report today from The American Institute of Architects .
The ABI score for May was 53.5. While this score is down from April's score of 56.5, it still indicates very strong business conditions overall (any score above 50 indicates an increase in billings from the prior month). Also in May, both the new project inquiries and design contracts...
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