Architecture billings index fell in April, hurt by tight financing for projects

May 17, 2011 |

The architecture billings index, a leading indicator of U.S. construction activity, fell in April, hurt by tight financing for projects.

The architecture billings index fell 2.9 points last month to 47.6, a level that indicates declining demand for architecture services, according to the American Institute of Architects. The new project inquiries index fell 3.7 points to 55.0, suggesting a hoped-for construction recovery may be delayed. The AIA's index is considered a predictor of nonresidential construction trends 9 to 12 months in the future.

Full story

 

Add new comment

Your Information
Your Comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
By submitting this form, you accept the Mollom privacy policy.
Overlay Init