Level of inquiries reaches highest mark in two years Washington, D.C. — As the nonresidential construction industry continues to struggle, the Architecture Billings Index (ABI) showed a nominal improvement in September. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the September ABI rating was 43.1, up slightly from 41.7 in August. This score indicates a decline in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry score was … Read more

Architect testifies about need for polices designed to help small businesses during economic crisis Washington, D.C. — October 7 — Tampa-based architect, Mickey Jacob, FAIA, unveiled the American Institute of Architects" (AIA) Rebuild & Renew plan for both short- and long-term economic recovery to the House Committee on Small Business at a hearing today. “Small business does not want a bailout. We want access to loans to bridge the economic downturn to help fund operational costs. We want relief from the premium costs of health insurance. We want incentives for people to build, buy, and renovate their homes and businesses. … Read more

Latest Producer Price Index Figures Point to ‘Limited-Time Sale’ For Construction Services Despite increases in construction costs in August, new figures released today by the U.S. Bureau of Labor Statistics indicate that prices for the sector remain significantly down from a year ago, the chief economist for the Associated General Contractors of America said today in analyzing the data. Simonson noted that the producer price index (PPI) for inputs to construction industries, a weighted average of the costs of all materials used in every type of construction, increased 1.1 percent in August compared to the previous month. He noted that … Read more