Construction + Economy

Construction + Economy

Architecture Billings Climbs into Positive Territory for First Time in Four Months

Continuing the positive momentum of a nearly three point bump in October, the Architecture Billings Index (ABI) reached its first positive mark since August. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported [...]

Construction + Economy

Current Conditions Electrical Industry Business Index Positive for Third Consecutive Month

Results from NEMA’s latest business conditions survey show the Electroindustry Business Confidence Index (EBCI) for current North American conditions exceeded 50 points in December—with more respondents reporting conditions improved relative to the previous month than reporting they declined—for a third consecutive month. The index measured 52 in December, down slightly from 56 in November. The [...]

Construction + Economy

AIA Report Finds Ongoing Credit Crunch Accounts for 20 Percent of Stalled Projects Nationwide

The American Institute of Architects (AIA) recently released a comprehensive report which concludes that the major obstacle holding back job creation in the United States is the persistent lack of construction financing, despite record low interest rates. “This report should lay to rest any doubt about what is a key source for holding back job [...]

Construction + Economy

Architecture Billings Index Moves Upward

After a sharp dip in September, the Architecture Billings Index (ABI) climbed nearly three points in October. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the October ABI score was 49.4, following [...]

Construction + Economy, Legislation + Regulation

Obama Signs Repeal of 3 Percent Withholding Mandate

President Obama has signed a bill repealing the 3% withholding mandate. H.R. 674, championed by Rep. Wally Herger, R-CA, and Rep. Earl Blumenauer, D-OR and supported by the American Institute of Architects, is aimed at killing a looming federal requirement that would have forced federal, state, and many local agencies to withhold 3% of nearly [...]

Construction + Economy

North American Business Conditions Improve for Second Consecutive Month in November

Results from NEMA’s latest business conditions survey showed the economic environment facing the North American electroindustry improved for a second straight month in November. Though the Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped to 56 from 57.4 in the previous month, it nonetheless cleared the 50 mark above which more panelists [...]

Construction + Economy

Another Drop for Architecture Billings Index in September 2011

Following the first positive score in four months, the Architecture Billings Index (ABI) reversed direction again in September. 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 September ABI score was [...]

Construction + Economy

North American Business Conditions Improve in October with Further Gains Seen Over Next Six Months

NEMA’s Electroindustry Business Confidence Index (EBCI) indicated that conditions facing the North American electroindustry improved on balance in October, climbing to 57.4 from 50 in September. The latest month was the first since May in which the index exceeded the 50-point “growth threshold.” Meanwhile, October’s EBCI for future North American conditions moved higher for a [...]

Construction + Economy

Architecture Billings Index Turns Positive after Four Straight Monthly Declines

On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the August [...]

Construction + Economy

Architects and Construction Sector Can Lead U.S. Economic Recovery, According to AIA Report

The American Institute of Architects (AIA) recently issued the most comprehensive look yet at the built environment’s role in economic recovery, highlighting six specific policy steps that will generate jobs and help grow the American economy. The policy document, “The Built Environment’s Role in the Recovery,” was recently delivered to the White House and to [...]

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