ABI Posts Slight Increase in November Design Services
After a slight increase in October, which followed two consecutive months of decreases, the Architectural Billings Index posted modest gains in design services in November. The American Institute of Architects reported the November ABI score was 50.6, essentially unchanged from the mark of 50.8 in the previous month. The new projects inquiry index was 59.5, up from a reading of 55.4 the previous month.
“Without many details of the policies proposed, it’s still too early to tell the likely impact of the programs of the new administration,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “However, architects will be among the first to see what new construction projects materialize and what current ones get delayed or cancelled, so the coming months should tell us a lot about the future direction of the construction market.”