The survey of architectural firm principles, done by the AIA and reported monthly, put August’s Architecture Billings Index higher than in July — at 53.8, vs. 52.7 for July. The “50″ mark is the difference between a shrinking construction market and one that is expanding.
To the EleBlog’s memory, the ABI has been positive now for 7 of the 8 months of 2013. AIA says it predicts conditions 9 to 12 months out; a separate effort at verifying its accuracy (by David Rosenberg) found it predicted conditions with a fair amount of certainty on a 9-to-15-month time frame.
“As business conditions at architecture firms have improved eleven out of the past twelve months, it is fair to say that the design professions are in a recovery mode,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “This upturn signals an impending turnaround in nonresidential construction activity, but a key component to maintaining this momentum is the ability of businesses to obtain financing for real estate projects, and for a resolution to the federal government budget and debt ceiling impasse.”
Source: http://electricalcontractor.com/?p=11152
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