As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12 month lag time between architecture billings and construction spending.
Continue reading Architecture Billings Index Takes Turn for the Worse
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As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12 month lag time between architecture billings and construction spending. Continue reading Architecture Billings Index Takes Turn for the Worse As the nonresidential sector has experienced cutbacks in demand for new space, the projections for construction activity for new nonresidential facilities are in for a mild decline in 2008, with a more significant downturn in 2009. The forecasts are more negative for commercial and industrial buildings, with an especially large drop-off in the office and retail sectors. The two largest institutional categories, healthcare and education facilities, should see a slight increase this year and could help offset some of the losses in the other project categories. The continued increase in building material costs in recent years could also adversely Continue reading Bad News For Construction Forecasts |
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