AIA: Architecture Billings Index declines in September

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Further Contraction in Architecture Billings Index For the first time since the summer of 2012, the Architecture Billings Index (ABI) posted consecutive months of a decline in demand for design services. 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 American Institute of Architects (AIA) reported the September ABI score was 48.4, down from the......(read more)

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