Economy
May 23, 2018
ABI Healthy in April
Written by Sandy Williams
The Architecture Billings Index rose modestly in April posting a score of 52.0, indicating a seventh consecutive month of growth and a one point gain from March.
New project inquiries, an indicator for future billings, fell to 56.7 from the March score of 58.1, reported the American Institute of Architects. Labor shortages, higher prices for building materials, and rising interest rates continue to be challenges for the construction industry, but business continues to be healthy for architecture firms.
