Economy
March 20, 2019
Architecture Billings Soften in February
Written by Sandy Williams
The February Architecture Billings Index, a leading indicator of construction activity, dipped to 50.3 in February from 55.6 in January. Billings growth softened last month, said the American Institute of Architects, but indicators of work in the pipeline, including inquiries into new projects and the value of new design contracts, remained positive.
“Overall business conditions at architecture firms across the country have remained generally healthy,” said AIA Chief Economist Kermit Baker. “Firms in the South recorded continued strong design activity, likely reflecting a healthy regional economy and ongoing rebuilding from the catastrophic 2018 hurricane season.”
