Architectural index declines, but housing starts up in Nov.
Dec 18, 2009 | 09:39 AM
| Corinna Petry
Following its highest mark since August 2008, the Architecture Billings Index (ABI) dropped to 42.8 in November from 46.1 in October, but residential and nonresidential construction were up month on month.
The index, produced by the American Institute of Architects (AIA), reflects a nine- to 12-month lag between architecture billings and construction spending. November's index indicates a continued decline in demand for design services. Any score above 50 indicates an increase in billings.....
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