ABI Feels the Effects of Severe Winter Weather

Glass Magazine
March 25, 2014

After starting out the year on a positive note, the Architecture Billings Index saw another minor increase last month as the February ABI score rose to 50.7, up slightly from a mark of 50.4 in January.

“The unusually severe weather conditions in many parts of the country have obviously held back both design and construction activity,” said Kermit Baker, chief economist for the American Institute of Architects, in a release.  “The March and April readings will likely be a better indication of the underlying health of the design and construction markets. We are hearing reports of projects that had been previously shelved for extended periods of time coming back online as the economy improves.”