Falling Architecture Billings Index reflects decrease in design demands

This months Architecture Billings Index (ABI), provided by the American Institute of Architects, is almost a full point lower than last month’s reported score. June’s reading of 47.2 was short of the required 50 to achieve billings increases, making July’s reading of 46.3 an unwelcome sign of market tidings. The ABI reflects the nine- to 12-month period between architecture billings and construction spending. July’s score indicates a continued drop in design service demands. Full story: http://www.aia.org/press/releases/AIAB090371