STEEL FRAMING ALLIANCE | FRAMEWORK ONLINE
  July 7, 2010
MARKETPLACE
 
Architecture Billings Index Falls Back After Three Months Of Improving Conditions

WASHINGTON, D.C.- After three straight months of improving conditions, the Architecture Billings Index (ABI) fell nearly three points. 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 May ABI rating was 45.8, down substantially from a reading of 48.4 the previous month.  This score reflects a continued decline in demand for design services (any score above 50 indicates an increase in billings), and comes on the heels of the highest score since January 2008 when revenue at architecture firms headed into recession. The new projects inquiry index was 55.5.

"This dip is somewhat of a surprise since it appeared that conditions were pointing towards a recovery," said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "The overriding issue affecting the entire real estate sector is unusual caution on the part of lending institutions to provide credit for construction projects that apparently would be successful in this economic environment."

He added, "An amendment has passed the House that would help lenders and borrowers as they attempt to work out their loans under terms that are mutually acceptable, avoid large numbers of commercial foreclosures, and free up credit that can be used more constructively. If this passes the in Senate then some much needed relief will available for the struggling design and construction industry."

Source: Buildings Online, June 23, 2010

Next Article >>
HEADQUARTERS
New Address
Steel Framing Alliance
1140 Connecticut Avenue
Suite 705
Washington, D.C. 20036
Phone +202.785.2022
Fax +202.785.3856
 
 
NEW MEMBERS
-
4D Designs LLC
Kailua, HI
-
International Design and Engineering Solutions
Reston, VA
-
Jerry L. Miles, P.E.
Apple Valley, CA
-
Luz Leszczynski
Frisco, TX
-
Matrix Interior Construction, Inc.
Carrollton, TX
-
Ryan Davis
Costa Mesa, CA
-
Savvy Structures Eng. PC
Cornwall on Hudson, NY
 
UPCOMING EVENTS
 

July 22, 2010
Calling All Connections ... Screws, Bolts and Specialty Connectors Presentation!
Championsgate, FL More

 
 

September 20-22, 2010
Steel Structures 2010 Culture & Sustainability International
Symposium
Istanbul, Turkey More

 
 

September 20-24, 2010
Steel Frame Innovation Conference
Auckland, New Zealand More

 
 

October 20-22, 2010
2010 METALCON International

Las Vegas, NV More

 


 
 


Renew 2010 Member Dues | Unsubscribe

Brought to you by the Steel Framing Alliance (SFA) on the first Wednesday of each month, February through December. Framework Online arms you with important news and commentary on the cold-formed steel (CFS) framing and construction industries.