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| January's ABI promises growth in 2007 Following the Census Bureau report indicating that January housing starts fell to their lowest level since 1997, the Architecture Billings Index (ABI), a leading economic indicator of construction activity, showed positive conditions across all geographic regions and market sectors in January. With an approximate nine to twelve month lag time between architecture billings and construction spending, the forecast remains favorable for the nonresidential construction market throughout 2007. The American Institute of Architects (AIA) reported the January ABI rating was 57.9 (any score above 50 indicates an increase in billings), compared to a score of 57.6 in December. write your comments about the article :: © 2007 Construction News :: home page |