Architectural billings index may 2020
According to the AIA, there is an "approximate nine to twelve month lag time between architecture billings and construction spending" on non-residential construction. This index has been positive for 8 of the previous 12 months, suggesting some further increase in CRE investment in 2020 - but three of the previous four months were negative. After a somewhat bumpy spring and summer, the Architecture Billings Index (ABI) closed out the year on a positive note with three consecutive months of modest growth. A strong winter Architecture Billings Index Score for December: 52.5Project inquiries index: 58.7Design contracts index: 53.4 A new According to a new report from The American Institute of Architects (AIA), demand for design services in May 2019 remained essentially flat in comparison to the previous month. AIA's Architecture Billings Index (ABI) score for May 2019 showed a small increase in design services.