Architectural billings up again in December
Architectural billings showed a healthy score in December, according to the Architecture Billings Index (ABI) reported by the American Institute of Architects this week. The index shows a nine to twelve month lag time between architectural billings and construction spending, so it’s a good outlook indicator for construction.
The December ABI was up a fraction to 55.4, from 55.3 in November, marking the 34th straight month with a positive score. That’s the longest run in the history of the survey, which began in 1995.
Source: Building Design+Construction
