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AIA reported the August ABI score was 51.4, following a very weak score of 45.1 in July. This score reflects an increase in demand for design services.
The new projects inquiry index was 53.7, a considerable slowdown from a reading of 58.1 in June.
The AIA will establish a new survey that will begin to identify and analyze stalled projects from around the country that could be moved forward on almost any front but for the lack of financing.
Inquiries for new projects drop to slowest pace of growth since February 2010.
On the heels of its highest mark since 2007, the Architecture Billings Index (ABI) jumped more than two points in December.
Following the first positive reading since January 2008, the ABI dropped nearly two points in October. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12 month lag time between architecture billings and construction spending.
For the first time since January 2008, the Architecture Billings Index (ABI) indicated a growth in design activity in September, increasing for the fourth straight month.
The AIA reported the August ABI score was 48.2, up slightly from a reading of 47.9 the previous month.
Following a two-month soft patch, the Architecture Billings Index (ABI) rose almost two full points in July.
After three straight months of improving conditions, the Architecture Billings Index (ABI) fell nearly three points.