Architecture Billings Index increased "Sharply" in May

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Healthy demand for all building types signaled in Architecture Billings Index Led by a still active multi-family housing market and sustained by solid levels of demand for new commercial and retail properties, the Architecture Billings Index has accelerated to its highest score in nearly a year. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The......(read more)

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