Steel Markets
December 21, 2016
ABI Stays Positive in November
Written by Sandy Williams
The Architecture Billings Index made a small gain in November with a score of 50.6, basically unchanged from October’s reading of 50.8. Any score above 50 indicates an increase in billings for design services. The new projects inquiry index rose to 59.5 from 55.4 in November indicating future growth in construction activity.
“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.”
