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| U.S. Architects Predicted The Future Of Construction The American Institute of Architects (AIA) officially introduced the Architecture Billings Index (ABI), which is determined based on the results of a monthly “Work-on-the-Boards” survey of U.S. architecture firms. Billings at architecture firms in September made their largest monthly gain since 1998, generating a score of 60.5 on the ABI (any score above 50 indicates an increase in billings at architecture firms), following a score of 55.9 in August. Recent increases in design activity expect to translate into similar increases in construction activity in early 2006. Inquiries for new design projects scored 62.5, indicating more expected future growth in design activity, however the pace for project inquires in September slowed somewhat compared to July and August levels. Accounting for eight percent of Gross Domestic Product, construction activity typically follows billings for architectural services by approximately six months. write your comments about the article :: © 2005 Construction News :: home page |