ABI Takes an August Breather
September 22, 2016
After reflecting growth for six consecutive months, the Architecture Billings Index took a slight breather in August, coming in at 49.7. Any score under 50 indicates a decrease in design services from the previous month.
The AIA said that while the index slipped a bit from July’s score of 51.5, the new projects inquiry index came in at 61.8, up sharply from July’s reading of 57.5.
AIA Chief Economist, Kermit Baker, Hon. AIA, PhD., put the numbers in perspective, saying, “This is only the second month this year where demand for architectural services has declined and it is only by a fraction of a point. Given the solid numbers for new design contracts and project inquiries, it doesn’t appear that this is the beginning of a broader downturn in the design and construction industry.”
In fact, regional averages were strong in the South (55.2) and Midwest (52.8), but soft in the west (49.) and softer still in the Northeast (44.9). All sectors came in above 50.
Sunny Outlook Continues for Nonresidential Construction
September 9, 2016
The Dodge Momentum Index climbed again in August, marking its fifth consecutive monthly advance and matching its longest streak since a five-month march spanning the end of 2012 through the beginning of 2013.
The Momentum Index is a monthly measure of …
July ABI Points To Continued Construction Growth
August 23, 2016
Despite a slight dip in July, the Architecture Billings Index stayed positive for the sixth consecutive month, suggesting continued growth in the construction sector.
The Index, a leading economic indicator of construction activity, reflects monthly surveys of AIA member firms …
Dodge Momentum Index Inches Forward In July
August 8, 2016
The Dodge Momentum Index increased slightly during the month of July, marking the fourth consecutive month of increases and the first such four-month streak since 2014.
The Index is a monthly measure of the first (or initial) report for nonresidential …
PPG Sells Assets of Flat Glass Business to Vitro
July 22, 2016
PPG yesterday announced that it is selling the assets of its flat glass manufacturing and glass coatings operations to Vitro, a Mexico-based manufacturer of flat glass and specialty products. The transaction is expected to close by the end of 2016.
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June’s Architecture Billings Index Portends Continued Construction Growth
July 21, 2016
In a report released this week, the American Institute of Architects reported that architecture firm billings increased in June for the fifth consecutive month.
The Architecture Billings Index (ABI), released monthly by the American Institute of Architects (AIA), reflected additional …
Construction Spending Shows Continued Strength
July 8, 2016
The Dodge Momentum Index jumped 11.2 percent in June, thanks to a 14.6 percent increase in institutional projects and a 7.7 percent increase in pending commercial projects. With the advance, the overall Index is now at its highest level since …
May Brings Solid Jump for Architecture Billings Index
June 29, 2016
The Architecture Billings Index (ABI) registered its highest score in nearly a year in May, reflecting improving conditions in the design and construction industries.
According to the American Institute of Architects, the monthly ABI “is a leading indicator for nonresidential …
Construction Indicator Nudges Higher In May
June 9, 2016
For the construction industry, the good news keeps coming, as the Dodge Momentum Index rose 2.4 percent in May, riding a bump in activity in the commercial sector.
The Momentum Index is a monthly measure of the first (or initial) report …
Construction Planning Shows Slight Increase
May 10, 2016
April’s economic numbers offer additional encouragement, with the Dodge Momentum Index showing an uptick and the Bureau of Labor Statistic’s jobs numbers holding steady.
The Momentum Index, a monthly measure of the first (or initial) report for nonresidential building projects …