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.

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Comments on: "Architecture billings index fell in April, hurt by tight financing for projects"

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Based on the experience of my

Based on the experience of my firm since 2008, I hold the banks largely responsible for the failure in the housing recovery. I have several residential clients with excellent credit who can only borrow 70% of the construction cost of a project. This has caused more than one project to be delayed indefinitely. We, the tax payers, bailed out the banks and now they are killing the building industry. I would like to see the AIA PAC address this issue. Supposedly, the bail out would be a stimulus to the economy, but I don't know a single person associated with the building industry who would say that this has worked.

Hows that hope and change

Hows that hope and change working out for you

What Recovery?

It is far worse than these numbers indicate.