Architecture billings were positive for the second consecutive month in December, reports the American Institute of Architects. There is an approximate nine to twelve month lag time between architecture billings and construction spending. The Architecture Billings Index was 52 in December, which is the same as the previous month. (Any score above 50 indicates an increase in billings). The new projects inquiry index was 64, down a point from November. “It’s too early to be sure that we are in a full recovery mode,” said AIA chief economist Kermit Baker. “Nevertheless, this is very good news for the design and construction industry and it’s entirely possible conditions will slowly continue to improve as the year progresses.” For the full report, CLICK HERE.Architecture Billings Positive in December
Architecture billings were positive for the second consecutive month in December, reports the American Institute of Architects. There is an approximate nine to twelve month lag time between architecture billings and construction spending. The Architecture Billings Index was 52 in December, which is the same as the previous month. (Any score above 50 indicates an increase in billings). The new projects inquiry index was 64, down a point from November. “It’s too early to be sure that we are in a full recovery mode,” said AIA chief economist Kermit Baker. “Nevertheless, this is very good news for the design and construction industry and it’s entirely possible conditions will slowly continue to improve as the year progresses.” For the full report, CLICK HERE.
