- New Fort Bragg Conference and Catering Center recognizes tradition while bringing modern standards to military base
- Wake Technical Community College offers Heavy Equipment Operator training program
- UNC Coastal Studies Institute Research Building wins architecture award
- CAGC testifies to legislative committee on prequalification
- Construction law alert
- North Carolina Construction News briefs
- 2013 Carolinas Associated General Contractors (CAGC) Pinnacle Award winners
- Bluesphere reports recognition of receipt of air permit for waste-to-energy project in Charlotte
- Construction starts on new NHRMC emergency department
- Nexsen Pruet to host Construction Breakfast Briefing this month
Architectural Billing Index remains positive for 4th straight month
Led by the commercial sector, the Architecture Billings Index (ABI) has remained in positive territory four months in a row, reports the American Institute of Architects. 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. AIA reported the February ABI score was 51.0, following a mark of 50.9 in January. This score reflects a slight increase in demand for design services (any score above 50 indicates an increase in billings).
The new projects inquiry index was 63.4, up from mark of 61.2 the previous month and its highest reading since July 2007.
“This is more good news for the design and construction industry that continues to see improving business conditions,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “The factors that are preventing a more accelerated recovery are persistent caution from clients to move ahead with new projects, and a continued difficulty in accessing financing for projects that developers have decided to pursue.”
Key February ABI highlights:
- Regional averages: Midwest (56.0), South (51.3), Northeast (51.0), West (45.6)
- Sector index breakdown: commercial / industrial (55.1), multi-family residential (53.3),
- institutional (50.3), mixed practice (46.3)
- Project inquiries index: 63.4 Read More.