AIA: Architecture Billings Index positive in May

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Design billings maintain solid footing, with strong momentum reflected in both project inquiries and design contracts Design services at architecture firms continue to project a healthy disposition on the construction industry as the Architecture Billings Index (ABI) recorded the fourth consecutive month of growth. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction......(read more)

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