Economy
January 23, 2019
Architecture Billings Index Softens in December
Written by Sandy Williams
The Architecture Billings Index dipped in December, falling to 50.4 from 54.7 in November, according to the latest report by the American Institute of Architects. Billings continued to be positive for the 15th consecutive month, scoring above the neutral reading of 50.
Backlogs lengthened to an average of 6.4 months in December, a historical record for the index. Billings for institutional projects in planning led in December with an index score of 53.1, followed by commercial/industrial at 51.2 and residential at 49.8.
