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| 2006 Poised to be the Best Year for US Construction The Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, showed growth for the eleventh consecutive month in November, according to the monthly report from The American Institute of Architects. Due to the approximately six month lag time between billings for architectural services and construction activity, nonresidential construction activity is expected to be a strong economic sector in much of 2006. The November ABI rating of 58.4 (any score above 50 indicates an increase) represents slightly higher growth than the 57.5 score in October (November 2004 ABI was 51.6, November 2003 ABI was 48.5). write your comments about the article :: © 2005 Construction News :: home page |