Construction growth continues, but slowing

Apr 24, 2013 | 03:22 PM | Samuel Frizell

Tags  Interwire, ABI, steel, construcion, American Institute of Architects, Kermit Baker, Samuel Frizell

ATLANTA — A key indicator for nonresidential construction activity was positive for the eighth month in a row in March, signaling a boom for the steel market, even as the rate of growth eased compared with previous months.

The American Institute of Architects’ (AIA) Architectural Billings Index (ABI) was put at 51.9 last month, down from 54.9 in February but still indicating overall growth in construction activity. The ABI reflects an approximate nine- to 12-month lag between architecture billings and construction spending and therefore is viewed as a leading indicator....

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