Economy
ABI Jumps 2.2 Points in September
Written by Sandy Williams
October 23, 2014
The Architecture Billings Index increased 2.2 points to 55.2 in September, according to the American Institute of Architects (AIA). The ABI, an indicator of construction activity, reflects the 9-12 month lead between architecture billings and construction spending, with any score above 50 indicating an increase in billings. The new projects inquiry index rose to 64.8 from 62.6 in August.
“Strong demand for apartment buildings and condominiums has been one of the main drivers in helping to keep the design and construction market afloat in recent years,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “There continues to be a healthy market for those types of design projects, but the recently resurgent Institutional sector is leading to broader growth for the entire construction industry.”
Regional averages and the sector breakdown are calculated on a three-month moving average and are shown below.
Regional averages: South (55.3), Midwest (55.1), West (54.2), Northeast (51.0)
Below is an interactive graphic of the AIA Index History, but it can only be seen when you are logged into the website and reading the newsletter online. If you need any assistance logging in or navigating the website, contact us at info@SteelMarketUpdate.com or 800-432-3475.
{amchart id=”64″ AIA ABI Index}
Sandy Williams
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