Stimulus package having limited impact because funding not yet reaching intended recipients Washington, D.C. — Following a drop of nearly three points, the Architecture Billings Index (ABI) nudged up almost two points in February. 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 February ABI rating was 44.8, up from a reading of 42.5 in January. This score indicates a continued decline in demand for design services (any score above 50 indicates an increase in billings). […]

The NRCI report for the first quarter is 48.4, a slightly positive move from the fourth quarter 2009 reading of 47.7. The improvement may be attributed to the panelists’ trust in a continuing upswing in the economy. While health care construction is the only construction market showing relative strength this year, most panelists predict improvements for next year, with the exception of the lodging and office markets. Fifty-two percent still expect reductions in staff for 2010, compared with the 64 percent that were downsizing this time last year; however, those cuts will be less drastic with most being less than […]

2010 shows declines;   Modest increase in spending possible by 2011 Washington, D.C. — January 6, 2010 — Despite signs that the overall U.S. economy is beginning to improve, nonresidential construction spending is expected to decrease by 13.4 percent in 2010 with a marginal increase of 1.8 percent in 2011 in inflation adjusted terms. Commercial and industrial projects will continue to see the most significant decrease in activity. Thanks, in part, to federal stimulus spending, institutional building categories will fare better over this period. These are highlights from the American Institute of Architects (AIA) semi-annual Consensus Construction Forecast, a survey […]