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Architectural Billings Index hits low; old news for some
Topic Started: Nov 19 2008, 12:22 PM (130 Views)
big al
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Bull-Carp
Architecture Billings Index drops to all time low
Declining business conditions also reflected in historic downturn in project inquiries



November 19, 2008
Building Design and Construction

On the heels of a six-point drop in September, the Architecture Billings Index (ABI) plummeted to its lowest level since the survey began in 1995. As an economic indicator of construction activity, the ABI shows an approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the October ABI rating was 36.2, down significantly from the 41.4 mark in September (any score above 50 indicates an increase in billings). The inquiries for new projects score was 39.9, also a historic low point.

“Until recently, the institutional sector had been somewhat insulated from the deteriorating conditions affecting the commercial and residential markets,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Now we are seeing that governments and nonprofit agencies are having difficulties getting bonds approved to finance large scale education and healthcare facilities, furthering the weak conditions across the construction industry.”

Key October ABI highlights:
Regional averages: Northeast (44.3), South (40.0), Midwest (37.4), West (34.9)
Sector index breakdown: mixed practice (45.1), institutional (42.1), commercial / industrial (33.6), multi-family residential (34.2)
Project inquiries index: 39.9


Big Al
Location: Western PA

"jesu, der simcha fun der man's farlangen."
-bachophile
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Dewey
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HOLY CARP!!!
You know the old saying, "When the other guy loses his job, it's a recession; when you lose your job, it's a depression."
"By nature, i prefer brevity." - John Calvin, Institutes of the Christian Religion, p. 685.

"Never waste your time trying to explain yourself to people who are committed to misunderstanding you." - Anonymous

"Oh sure, every once in a while a turd floated by, but other than that it was just fine." - Joe A., 2011

I'll answer your other comments later, but my primary priority for the rest of the evening is to get drunk." - Klaus, 12/31/14
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Mikhailoh
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If you want trouble, find yourself a redhead
Hey, Dewey - how are you at finish carpentry? Pretty good, I'd venture. Maybe we could start something.... now if we could get George to quit HIS day job...
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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