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Nonresidential billings up again in January

Post Time:Nov 12,2013Classify:Industry NewsView:48

Nonresidential architectural billings continued to drive forward in January, according to a Feb. 21 release from the American Institute of Architects in Washington, D.C. The January Architectural Billings Index reached 57.9, compared to 57.6 in December, with any score above 50 indicating an increase in billings, according to the release. “You have to go back 26 months for the last negative score for the index,” said Kermit Baker, AIA chief economist, in the release. “While the index was positive in 2006, it hovered around the break-even mark for much of the year. So far the last three months have seen much higher levels of demand for design services and is likely to translate into sustained levels of high activity in the construction industry.” The billings precede actual construction by about nine to 12 months. So, the strong billings for the past several months point toward strong nonresidential construction through the end of 2007, according to the release. Residential billings, on the other hand, reach their lowest levels since 1997, according to the release. For a full break down by geographical region, and the read the complete release, click here. Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/nonresidential-billings-again-januaryAuthor:

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